Aircraft Engine and Engine Parts Manufacturing Business Loans

With these business loans for aircraft engine and engine parts manufacturing, the SBA guarantees the lender that the loan will be repaid. This aircraft engine and engine parts manufacturing loan for $1,660,000 was given to a Connecticut entrepreneur in 2005.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Bloomfield, Connecticut was able to borrow $1,660,000 from Massachusetts Business. The SBA made the loan possible by guaranteeing $1,245,000 of this Connecticut small business loan.

SBA Loan Borrower

COMPANY TYPE: AIRCRAFT ENGINE AND ENGINE PARTS MANUFACTURING
BLOOMFIELD, CT 06002

SBA Loan Lender

MASSACHUSETTS BUSINESS
500 EDGEWATER DR., SUITE 555
WAKEFIELD, MA 01880

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

336412 - Aircraft Engine and Engine Parts Manufacturing

Loan Approval Date

5/2/2005

Loan Approval Gross Amount

$1,660,000

Loan Approval from the SBA

Of the total $1,660,000 loan amount, the SBA guaranteed $1,245,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 94 employees. The loan application indicated that the loan would help retain 94 existing jobs.

Next Steps for Getting an SBA Loan

Every year, the SBA guarantees over $10 billion for loans just like this one.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Massachusetts Business and they will explain how you can get an SBA loan for your company.

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.

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