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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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Connecticut SBA Lenders
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Danbury, Connecticut Bank Lends Money to Electrical Contractors Company in Brookfield, ConnecticutGet to know Danbury, Connecticut banks that specialize in small business loans and know how to work with entrepreneurs. Union Savings Bank is one such bank, as evidenced by this SBA loan to a growing company. Finding a small business loan in Brookfield, Connecticut starts with an understanding of who else has gotten loans in the area. In this case, a local firm received funding from Union Savings Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower COMPANY TYPE: ELECTRICAL CONTRACTORS SBA Loan Lender UNION SAVINGS BANK This lender processed this bank 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 235310 - Electrical Contractors Loan Approval Date 5/26/2005 Loan Approval Gross Amount $13,400 Loan Approval from the SBA Of the total $13,400 loan amount, the SBA guaranteed $6,700. 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 9 employees. The SBA loan documents indicated that the loan would help retain 9 existing jobs. Start the Process for Getting an SBA Loan Today! SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: Good Banks for Small Business in Danbury, Connecticut
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