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December 18, 2024 |
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| Home > Small Business Lenders by State > Connecticut Business Loan Sources > Danbury, Business Loans > Union Savings Bank Danbury Business Loans > Electrical Contractors Loan | ||||
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Union Savings Bank SBA Loans
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SBA Loans for Electrical ContractorsLooking for SBA loans for electrical contractors? Talk to a banker who works with the SBA. This $12,800 electrical contractors loan was issued by a Connecticut bank. This business knew how to go about getting a business bank loan. Based in Brookfield, Connecticut, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Union Savings Bank, based in Danbury, Connecticut. SBA Loan Borrower COMPANY TYPE: ELECTRICAL CONTRACTORS SBA Loan Lender UNION SAVINGS BANK The lender provided this SBA business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. 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 235310 - Electrical Contractors Loan Approval Date 12/6/2004 Loan Approval Gross Amount $12,800 Loan Approval from the SBA Of the total $12,800 loan amount, the SBA guaranteed $6,400. 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 7 employees. The loan application indicated that the loan would help generate 4 new jobs and retain 7 existing jobs. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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:
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