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April 20, 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 > New Housing Operative Builders Loan | ||||
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Newalliance Bank Small Business Loans
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Newalliance Bank SBA Loan to New Housing Operative Builders CompanyAn SBA loan from Newalliance Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Stafford (stafford Hollow), Connecticut business owner got a $80,000 loan. This small firm knew how to go about getting a business bank loan. Based in Stafford (stafford Hollow), Connecticut, they applied for and received an SBA-guaranteed loan in 2006. The lending bank was Newalliance Bank, based in New Haven, Connecticut. SBA Loan Borrower COMPANY TYPE: NEW HOUSING OPERATIVE BUILDERS SBA Loan Lender NEWALLIANCE BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. 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 236117 - New Housing Operative Builders Loan Approval Date 10/31/2006 Loan Approval Gross Amount $80,000 Loan Approval from the SBA Of the total $80,000 loan amount, the SBA guaranteed $40,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. 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. Great, But How Can I Get an SBA Loan for My Business? Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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 New Haven, Connecticut Where to Get an SBA Loan Connecticut
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