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April 28, 2024 |
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| Home > Small Business Lenders by State > Connecticut Business Loan Sources > Springfield, Business Loans > Td Banknorth Springfield Business Loans > Book Stores Loan | ||||
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Best Banks for West Hartford, Connecticut Businesses
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Book Stores Small Business LoansLooking for small business loans for book stores? Try the SBA. This $50,000 book stores loan was issued by a Massachusetts bank. This small firm knew how to go about getting a business bank loan. Based in West Hartford, Connecticut, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Td Banknorth, based in Springfield, Massachusetts. SBA Loan Borrower COMPANY TYPE: BOOK STORES SBA Loan Lender TD BANKNORTH This lender issued this particular loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5942 - Book Stores NAICS Code 451211 - Book Stores Loan Approval Date 6/7/2001 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $42,500. 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 13 employees. The SBA loan documents did not indicate that the small business promised to use the loan proceeds to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer 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: Find an SBA Lender in Springfield, Massachusetts
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