Loan Census Banking News and Information
April 16, 2024  
 
 
  Business Loan Information  
 

Webster Bank

 

 
Loan Census SBA Loan Info

Business Loan from Webster Bank Given to Personal Services Company

Webster Bank has a track record as a leading provider of SBA loans. Find out how this Connecticut entrepreneur received an SBA loan from them.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Weston, Connecticut was able to borrow $200,000 from Webster Bank. The SBA made the loan possible by guaranteeing $100,000 of this Connecticut small business loan.

SBA Loan Borrower

COMPANY TYPE: PERSONAL SERVICES
WESTON, CT 06883

SBA Loan Lender

WEBSTER BANK
80 ELM ST
NEW HAVEN, CT 06510

This business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

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

812990 - Personal Services

Loan Approval Date

9/19/2003

Loan Approval Gross Amount

$200,000

Loan Approval from the SBA

Of the total $200,000 loan amount, the SBA guaranteed $100,000.

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 application for the borrower indicated that the loan would help generate 2 new jobs and retain 3 existing jobs.

Next Steps for Getting an SBA Loan

If you are wondering how to raise money for a business in Weston CT, you ought to talk with a local Weston SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Weston businesses.

We can help you find the best banks for small businesses in Weston 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:

Famous Venture Capitalists

SBA 7A Banks for New Haven, Connecticut Loans

Find an SBA Lender in Connecticut