Connecticut Entrepreneur Secures Financing to Buy Coldwell Banker real Estate Brokers Franchise

Need money to buy a Coldwell Banker real Estate Brokers franchise? Webster Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near Cromwell, Connecticut and are interested in buying a Coldwell Banker real Estate Brokers franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2003 by Webster Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

CALABRO & ASSOCIATES LLC
CROMWELL, CT 06416

SBA Loan Lender

WEBSTER BANK
80 ELM ST
NEW HAVEN, CT 06510

This lender provides SBA small business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

531210 - Real Estate Agents and Brokers

Loan Approval Date

6/13/2003

Loan Approval Gross Amount

$264,400

Loan Approval from the SBA

Of the total $264,400 loan amount, the SBA guaranteed $198,300.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Coldwell Banker real Estate Brokers franchise. At the time of the loan, the company had only one employee. This SBA loan request indicated that the loan would help generate 5 new jobs and retain 1 existing job.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

This SBA loan was for $264,400. How would you spend $264,400 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Coldwell Banker Real Estate Corporation

SBIR Funding

SBA Banks in New Haven, Connecticut

Where to Get an SBA Loan Connecticut