Financing for Amusement Arcades

With these commercial loans for amusement arcades, the SBA guarantees the lender that the loan will be repaid. This amusement arcades loan for $146,500 was given to a Connecticut entrepreneur in 2004.

This small business received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Savings Bank Of Danbury, out of Danbury, Connecticut. The loan was granted and they received $146,500 to help grow their Brookfield, Connecticut business.

SBA Loan Borrower

COMPANY TYPE: AMUSEMENT ARCADES
BROOKFIELD, CT 06804

SBA Loan Lender

SAVINGS BANK OF DANBURY
35 WEST ST
DANBURY, CT 06810

This lender issued this particular business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

713120 - Amusement Arcades

Loan Approval Date

4/12/2004

Loan Approval Gross Amount

$146,500

Loan Approval from the SBA

Of the total $146,500 loan amount, the SBA guaranteed $124,525.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 4 employees. The loan application did not indicate that the business promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Savings Bank Of Danbury and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

504 Loans

Banks in Danbury, Connecticut

Connecticut SBA Bank Lenders