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April 24, 2024 |
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| Home > Small Business Lenders by State > Connecticut Business Loan Sources > Cheshire, Business Loans > Webster Bank Cheshire Business Loans > Electrical Work Loan | ||||
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Webster Bank Small Business Loans Rocky Hill, CT
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Webster Bank SBA Loan to Electrical Work CompanyAn SBA loan from Webster Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Rocky Hill, Connecticut business owner got a $150,000 loan. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Rocky Hill, Connecticut was able to borrow $150,000 from Webster Bank. The SBA made the loan possible by guaranteeing $127,500 of this Connecticut small business loan. SBA Loan Borrower COMPANY TYPE: ELECTRICAL WORK SBA Loan Lender WEBSTER BANK This loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 1731 - Electrical Work NAICS Code 235310 - Electrical Contractors Loan Approval Date 6/27/2001 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. 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 35 employees. The SBA loan documents did not indicate that the small business planned to use the loan proceeds to add employees or retain any existing employees. Next Steps for Getting an SBA Loan Many small businesses receive loans backed by the U.S. Small Business Administration. We can help you find the best banks for small businesses in Rocky Hill or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: SBA 7A Lenders in Cheshire, Connecticut SBA Participating Banks in Connecticut
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