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May 3, 2024 |
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| Home > Small Business Lenders by State > Connecticut Business Loan Sources > Bridgeport, Business Loans > People's United Bank Bridgeport Business Loans > Piece Goods, Notions, And Other Dry Goods Loan | ||||
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How to Get SBA Money in South Windsor, Connecticut
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Company Gets a Connecticut Small Business LoanWould a Connecticut SBA loan help your business get to the next level? If so, you may want to talk with this Connecticut bank, which offers SBA loans to Connecticut entrepreneurs. Getting a small business loan in South Windsor, Connecticut was a top priority for this particular business back in 2002 and, based on their loan application, they were successful in getting an SBA loan from People's United Bank. Here are the details on this Connecticut small business loan. SBA Loan Borrower COMPANY TYPE: PIECE GOODS, NOTIONS, AND OTHER DRY GOODS SBA Loan Lender PEOPLE'S UNITED BANK This bank loan was provided by a lender with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loan applications to the SBA get more expeditious service from the SBA on their loan applications. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5131 - Piece Goods, Notions, and Other Dry Goods NAICS Code 454390 - Direct Selling Establishments Loan Approval Date 3/21/2002 Loan Approval Gross Amount $72,000 Loan Approval from the SBA Of the total $72,000 loan amount, the SBA guaranteed $61,200. 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 3 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the funding to increase staffing levels or retain any existing employees. 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. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $72,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Banking Deregulation's Effects on Entrepreneurship Where to Get an SBA Loan in Bridgeport, Connecticut
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