Entrepreneur Works With New Haven, Connecticut Bank to Get an SBA Loan

Find New Haven, Connecticut banks that specialize in business loans and know how to work with entrepreneurs. Webster Bank is one such bank, as evidenced by this SBA loan to one business.

Finding a small business loan in Branford, Connecticut starts with an understanding of who else has gotten loans in the area. In this case, a local small business received funding from Webster Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: CARPENTRY CONTRACTORS
BRANFORD, CT 06405

SBA Loan Lender

WEBSTER BANK
80 ELM ST
NEW HAVEN, CT 06510

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

235510 - Carpentry Contractors

Loan Approval Date

1/25/2002

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $75,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 25 employees. The loan application indicated that the loan would help generate 15 new jobs and retain 16 existing jobs.

Start the Process for Getting an SBA Loan Today!

Many small businesses receive loans backed by the U.S. Small Business Administration.

We can help you find the best banks for small businesses in Branford 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.

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