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April 26, 2024 |
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| Home > Small Business Lenders by State > Connecticut Business Loan Sources > Simsbury, Business Loans > Simsbury Bank & Trust Inc. Simsbury Business Loans > Computer Facilities Management Services Loan | ||||
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Connecticut SBA 7A Lenders
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Simsbury, Connecticut Bank Gives SBA Loan to Computer Facilities Management Services CompanyWant to talk with a Simsbury, Connecticut bank about a business loan? Here's one Connecticut business loan, issued by a Simsbury bank, that was approved by the SBA. Applying for an SBA loan with Simsbury Bank & Trust Inc. worked out well for our friends at one local company in Simsbury, Connecticut. They got an SBA loan for $100,000. Nice! SBA Loan Borrower COMPANY TYPE: COMPUTER FACILITIES MANAGEMENT SERVICES SBA Loan Lender SIMSBURY BANK & TRUST INC. The lender provided this business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. 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 541513 - Computer Facilities Management Services Loan Approval Date 1/9/2003 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $50,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower indicated that the loan would help retain 2 existing jobs. Getting an SBA Loan For Your Business The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: Small Bank Loans in Simsbury, Connecticut
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