South Windsor, Connecticut Bank Gives SBA Loan to Grocery Stores Company

A South Windsor, Connecticut business loan can be yours. Learn how a business got a $88,000 business loan from this Connecticut bank.

This loan to a local firm is a good example of an SBA loan. Rockville Bank made the loan and the SBA guaranteed a portion of the loan. Many other Connecticut entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take.

SBA Loan Borrower

COMPANY TYPE: GROCERY STORES
BROAD BROOK, CT 06016

SBA Loan Lender

ROCKVILLE BANK
1645 ELLINGTON RD
SOUTH WINDSOR, CT 06074

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5411 - Grocery Stores

NAICS Code

447110 - Gasoline Stations with Convenience Stores

Loan Approval Date

6/19/2001

Loan Approval Gross Amount

$88,000

Loan Approval from the SBA

Of the total $88,000 loan amount, the SBA guaranteed $74,800.

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 4 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the money to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

If you need money to start business in Broad Brook CT, you ought to talk with a local Broad Brook SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Broad Brook businesses.

This SBA loan was for $88,000. How would you spend $88,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

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Banks in South Windsor, Connecticut

Connecticut SBA Bank Lenders