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December 18, 2024 |
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| Home > Small Business Lenders by State > Connecticut Business Loan Sources > New York, Business Loans > Grow America Fund Inc New York Business Loans > Ornamental Shrub And Tree Services Loan | ||||
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Banks for Bridgeport Small Business Owners
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Bridgeport, Connecticut Entrepreneur Gets a Business LoanSBA loans in Connecticut are tough to come by these days. We take a look at one Connecticut SBA loan, provided by a New York bank, that was approved by the SBA. Getting a small business loan in Bridgeport, Connecticut was a top priority for this particular business back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Grow America Fund Inc. Here are the details on this Connecticut small business loan. SBA Loan Borrower COMPANY TYPE: ORNAMENTAL SHRUB AND TREE SERVICES SBA Loan Lender GROW AMERICA FUND INC The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide commercial loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 0783 - Ornamental Shrub and Tree Services NAICS Code 561730 - Landscaping Services Loan Approval Date 3/30/2000 Loan Approval Gross Amount $270,000 Loan Approval from the SBA Of the total $270,000 loan amount, the SBA guaranteed $202,500. 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 10 employees. The SBA loan documents did not indicate that the small business planned to use the money to add employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. 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 Grow America Fund Inc 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. Related Links: SBA 7A Lenders in New York, New York Browse All Business Loan Sources for New York
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