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May 3, 2024 |
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| Home > Small Business Lenders by State > Connecticut Business Loan Sources > Parsons, Business Loans > Community So. Bank D.B.A Commun Parsons Business Loans > Gasoline Stations With Convenience Stores Loan | ||||
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Parsons, Tennessee SBA 7A Banks
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Parsons, Tennessee Bank Gives SBA Loan to Gasoline Stations With Convenience Stores CompanyThinking about meeting with a Parsons, Tennessee bank about an SBA loan? Here's one Connecticut business loan, issued by a Parsons bank, that was approved by the SBA. Applying for an SBA loan with Community So. Bank D.B.A Commun worked out well for our friends at one local firm in Waterbury, Connecticut. They got an SBA loan for $1,100,000. Sweet! SBA Loan Borrower COMPANY TYPE: GASOLINE STATIONS WITH CONVENIENCE STORES SBA Loan Lender COMMUNITY SO. BANK D.B.A COMMUN This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 447110 - Gasoline Stations with Convenience Stores Loan Approval Date 7/30/2007 Loan Approval Gross Amount $1,100,000 Loan Approval from the SBA Of the total $1,100,000 loan amount, the SBA guaranteed $825,000. 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 21 employees. The loan application indicated that the loan would help retain 23 existing jobs. Next Steps for Getting an SBA Loan SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Community So. Bank D.B.A Commun so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: Small Bank Loans in Parsons, Tennessee
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