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May 1, 2024 |
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| Home > Small Business Lenders by State > Connecticut Business Loan Sources > Charlotte, Business Loans > Bank Of America Charlotte Business Loans > Pressed And Blown Glass And Glassware Manufacturing Loan | ||||
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Torrington, Connecticut Bank Loan
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Bank Loans for Pressed and Blown Glass and Glassware ManufacturingLooking for bank loans for pressed and blown glass and glassware manufacturing? Try the SBA. This $86,500 pressed and blown glass and glassware manufacturing loan was issued by a North Carolina bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Torrington, Connecticut was able to borrow $86,500 from Bank Of America. The SBA made the loan possible by guaranteeing $43,250 of this Connecticut small business loan. SBA Loan Borrower COMPANY TYPE: PRESSED AND BLOWN GLASS AND GLASSWARE MANUFACTURING SBA Loan Lender BANK OF AMERICA 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 327212 - Pressed and Blown Glass and Glassware Manufacturing Loan Approval Date 2/11/2006 Loan Approval Gross Amount $86,500 Loan Approval from the SBA Of the total $86,500 loan amount, the SBA guaranteed $43,250. 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 8 employees. The SBA loan application for the borrower indicated that the loan would help generate 25 new jobs and retain 33 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide money to small business owners for working capital for other expenses. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Bank Of America 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: Banks in Charlotte, North Carolina
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