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April 20, 2024 |
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| Home > Small Business Lenders by State > Connecticut Business Loan Sources > Cheshire, Business Loans > Apple Valley Bank & Trust Cheshire Business Loans > Lawyers Loan | ||||
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Who Can Get a Business Loan in Waterbury, Connecticut?
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Borrowing Money for LawyersWith these loans for lawyers, the SBA guarantees the lender that the loan will be repaid. This lawyers loan for $150,000 was given to a Connecticut entrepreneur in 2004. This small firm knew how to go about getting a business bank loan. Based in Waterbury, Connecticut, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Apple Valley Bank & Trust, based in Cheshire, Connecticut. SBA Loan Borrower COMPANY TYPE: LAWYERS SBA Loan Lender APPLE VALLEY BANK & TRUST This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 541110 - Lawyers Loan Approval Date 2/20/2004 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. The SBA loan documents did not indicate that the small business planned to use the funding to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. We can help you find the best banks for small businesses in Waterbury or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Realistic Debt Financing Options Small Business Banks in Cheshire, Connecticut SBA Participating Banks in Connecticut
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