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April 25, 2024 |
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| Home > Small Business Lenders by State > Connecticut Business Loan Sources > Newtown, Business Loans > Newtown Savings Bank Newtown Business Loans > Real Estate Agents And Managers Loan | ||||
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Newtown, Connecticut SBA Lenders
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Newtown, Connecticut Bank Lends Money to Real Estate Agents And Managers Company in Waterbury, ConnecticutGet to know Newtown, Connecticut banks that specialize in small business loans and know how to work with entrepreneurs. Newtown Savings Bank is one such bank, as evidenced by this SBA loan to a growing company. Finding a small business loan in Waterbury, Connecticut starts with an understanding of who else has gotten loans in the area. In this case, a local small business received funding from Newtown Savings Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower COMPANY TYPE: REAL ESTATE AGENTS AND MANAGERS SBA Loan Lender NEWTOWN SAVINGS BANK 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. SIC Code 6531 - Real Estate Agents and Managers NAICS Code 531311 - Residential Property Managers Loan Approval Date 2/9/2001 Loan Approval Gross Amount $104,850 Loan Approval from the SBA Of the total $104,850 loan amount, the SBA guaranteed $89,122. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The SBA loan documents did not indicate that the company promised to use the money to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Newtown Savings Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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: Best Banks in Newtown, Connecticut
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