Manchester, Connecticut Bank Gives SBA Loan to Printing And Writing Paper Company

Thinking about meeting with a Manchester, Connecticut bank about an SBA loan? Here's one Connecticut business loan, issued by a Manchester bank, that was approved by the SBA.

Applying for an SBA loan with Newalliance Bank worked out well for our friends at one local firm in Bolton, Connecticut. They received an SBA loan for $77,100. Nice!

SBA Loan Borrower

COMPANY TYPE: PRINTING AND WRITING PAPER
BOLTON, CT 06043

SBA Loan Lender

NEWALLIANCE BANK
923 MAIN ST
MANCHESTER, CT 06040

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5111 - Printing and Writing Paper

NAICS Code

422110 - Printing and Writing Paper Wholesalers

Loan Approval Date

12/6/2001

Loan Approval Gross Amount

$77,100

Loan Approval from the SBA

Of the total $77,100 loan amount, the SBA guaranteed $65,535.

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 7 employees. This SBA loan request did not indicate that the business planned to use the money to add employees or retain any existing employees.

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.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Newalliance Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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.

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