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May 17, 2024 |
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| Home > Small Business Lenders by State > Connecticut Business Loan Sources > Clinton, Business Loans > Unity Bank Clinton Business Loans > Coin-Operated Laundries And Drycleaners Loan | ||||
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Raising Money in Wallingford, Connecticut With SBA Loans
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Wallingford, Connecticut Entrepreneur Gets a Bank LoanConnecticutSmall business loans are available to Connecticut small business owners through the SBA. In this case, a New Jersey bank provides the loan. By giving the right information to Unity Bank, this Wallingford, Connecticut business was able to get an SBA loan. To get this loan, the loan applicant gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back. SBA Loan Borrower COMPANY TYPE: COIN-OPERATED LAUNDRIES AND DRYCLEANERS SBA Loan Lender UNITY BANK This commercial 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 policies and procedures. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 812310 - Coin-Operated Laundries and Drycleaners Loan Approval Date 9/9/2004 Loan Approval Gross Amount $638,500 Loan Approval from the SBA Of the total $638,500 loan amount, the SBA guaranteed $478,875. 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 documents did not indicate that the business promised to use the loan proceeds to add employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans provide smart, affordable business financing for small businesses looking to expand. 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 $638,500 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: Find an SBA Lender in Clinton, New Jersey
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