Loan Census Banking News and Information
April 16, 2024  
 
 
  Business Loan Information  
 

Small Business Banks for New Britain Small Business Owners

 

 
Loan Census SBA Loan Info

Book Stores Commercial Loans

Looking for commercial loans for book stores? Try the SBA. This $50,000 book stores loan was issued by a Connecticut bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in New Britain, Connecticut was able to borrow $50,000 from Webster Bank. The SBA made the loan possible by guaranteeing $25,000 of this Connecticut small business loan.

SBA Loan Borrower

COMPANY TYPE: BOOK STORES
New Britain, CT 06053

SBA Loan Lender

WEBSTER BANK
145 BANK ST
WATERBURY, CT 06702

This lender processed this small business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

451211 - Book Stores

Loan Approval Date

12/20/2005

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $25,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 4 employees. The loan application indicated that the loan would help generate 4 new jobs and retain 4 existing jobs.

Start the Process for Getting an SBA Loan Today!

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

This SBA loan was for $50,000. How would you spend $50,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.

Related Links:

504 Loans

SBA Participating Banks in Waterbury, Connecticut

SBA Connecticut Banks