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April 26, 2024 |
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| Home > Small Business Lenders by State > Connecticut Business Loan Sources > New Haven, Business Loans > Newalliance Bank New Haven Business Loans > Wholesale Trade Agents And Brokers Loan | ||||
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New Haven SBA Lenders
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New Haven, Connecticut Bank Gives SBA Loan to Wholesale Trade Agents And Brokers CompanyA New Haven, Connecticut small business loan can be yours. Learn how a business got a $475,000 business loan from this Connecticut bank. This loan to a local firm is a good example of an SBA loan. Newalliance Bank made the loan and the SBA guaranteed a portion of the loan. Many other Connecticut entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: WHOLESALE TRADE AGENTS AND BROKERS SBA Loan Lender NEWALLIANCE BANK This loan was issued under the SBA's Certified Lenders Program (CLP), which means that the lender has a successful SBA lending background and a thorough understanding of SBA loan requirements. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 425120 - Wholesale Trade Agents and Brokers Loan Approval Date 3/25/2005 Loan Approval Gross Amount $475,000 Loan Approval from the SBA Of the total $475,000 loan amount, the SBA guaranteed $356,250. 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 50 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the money to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Every year, the SBA guarantees over $10 billion for loans just like this one. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Newalliance Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: Find an SBA Lender in New Haven, Connecticut
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