Business Loan from Newtown Savings Bank Given to Specialty Food Stores 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 growing company knew how to go about getting a business bank loan. Based in Brookfield, Connecticut, they applied for and received an SBA-guaranteed loan in 2007. The lending bank was Newtown Savings Bank, based in Newtown, Connecticut.

SBA Loan Borrower

COMPANY TYPE: SPECIALTY FOOD STORES
BROOKFIELD, CT 06804

SBA Loan Lender

NEWTOWN SAVINGS BANK
39 MAIN ST
NEWTOWN, CT 06470

This lender processed this loan for a small business 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

445299 - Specialty Food Stores

Loan Approval Date

11/13/2007

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 a new 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. The loan application indicated that the loan would help generate 1 new job and retain 4 existing jobs.

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

We've showcased information on this loan to let you know that businesses like yours 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:

Getting a Small Business Loan

Banks in Newtown, Connecticut

Getting an SBA Loan in Connecticut