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November 15, 2024 |
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| Home > Small Business Lenders by State > Connecticut Business Loan Sources > Bridgeport, Business Loans > People's United Bank Bridgeport Business Loans > Child Day Care Services Loan | ||||
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Raising Money in Avon (avon Center), Connecticut With SBA Loans
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Loans for Child Day Care ServicesLooking for loans for child day care services? Talk to a banker who works with the SBA. This $75,000 child day care services loan was issued by a Connecticut bank. This company received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with People's United Bank, out of Bridgeport, Connecticut. The loan was granted and they received $75,000 to help grow their Avon (avon Center), Connecticut business. SBA Loan Borrower COMPANY TYPE: CHILD DAY CARE SERVICES SBA Loan Lender PEOPLE'S UNITED BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. 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 624410 - Child Day Care Services Loan Approval Date 2/11/2003 Loan Approval Gross Amount $75,000 Loan Approval from the SBA Of the total $75,000 loan amount, the SBA guaranteed $37,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 60 employees. This SBA loan request indicated that the loan would help generate 10 new jobs and retain 8 existing jobs. Start the Process for Getting an SBA Loan Today! If you are wondering how to raise money for a business in Avon (avon Center) CT, you ought to talk with a local Avon (avon Center) SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Avon (avon Center) businesses. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. People's United Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, People's United Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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 Bridgeport, Connecticut
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