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November 15, 2024 |
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| Home > Small Business Lenders by State > Connecticut Business Loan Sources > Mahwah, Business Loans > Td Banknorth Mahwah Business Loans > Metal Service Centers And Metal Merchant Wholesalers Loan | ||||
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Td Banknorth Small Business Loan
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Business Loans for Metal Service Centers and Metal Merchant WholesalersWith these business loans for metal service centers and metal merchant wholesalers, the SBA guarantees the lender that the loan will be repaid. This metal service centers and metal merchant wholesalers loan for $100,000 was given to a Connecticut entrepreneur in 2003. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Bridgeport, Connecticut was able to borrow $100,000 from Td Banknorth. The SBA made the loan possible by guaranteeing $50,000 of this Connecticut small business loan. SBA Loan Borrower COMPANY TYPE: METAL SERVICE CENTERS AND METAL MERCHANT WHOLESALERS SBA Loan Lender TD BANKNORTH This lender processed this commercial loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. 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 423510 - Metal Service Centers and Metal Merchant Wholesalers Loan Approval Date 2/6/2003 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $50,000. 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 only one employee. The loan application indicated that the loan would help retain 1 existing job. Next Steps for Getting an SBA Loan SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Role of Business Plan When Raising Money Small Business Banks in Mahwah, New Jersey
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