Newtown Savings Bank SBA Loan to Real Estate Agents And Brokers Company

An SBA loan from Newtown Savings Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Brookfield, Connecticut business owner got a $50,000 loan.

This business knew how to go about getting a business bank loan. Based in Brookfield, Connecticut, they applied for and received an SBA-guaranteed loan in 2006. The lending bank was Newtown Savings Bank, based in Newtown, Connecticut.

SBA Loan Borrower

COMPANY TYPE: REAL ESTATE AGENTS AND BROKERS
BROOKFIELD, CT 06804

SBA Loan Lender

NEWTOWN SAVINGS BANK
39 MAIN ST
NEWTOWN, CT 06470

This lender processed this SBA small business 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

531210 - Real Estate Agents and Brokers

Loan Approval Date

7/17/2006

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $25,000.

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 3 employees. This SBA loan request indicated that the loan would help retain 3 existing jobs.

Next Steps for Getting an SBA Loan

Many small businesses receive loans backed by the U.S. Small Business Administration.

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.

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Where to Get an SBA Loan in Newtown, Connecticut

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