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November 15, 2024 |
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| Home > Small Business Lenders by State > Connecticut Business Loan Sources > Newtown, Business Loans > Newtown Savings Bank Newtown Business Loans > Full-Service Restaurants Loan | ||||
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Connecticut SBA 7A Lenders
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Entrepreneur Works With Newtown, Connecticut Bank to Get an SBA LoanFind Newtown, Connecticut banks that specialize in small business loans and know how to work with entrepreneurs. Newtown Savings Bank is one such bank, as evidenced by this SBA loan to one business. Finding a small business loan in Danbury, Connecticut starts with an understanding of who else has gotten loans in the area. In this case, a local company received funding from Newtown 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: FULL-SERVICE RESTAURANTS SBA Loan Lender NEWTOWN SAVINGS BANK Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 3/14/2007 Loan Approval Gross Amount $435,000 Loan Approval from the SBA Of the total $435,000 loan amount, the SBA guaranteed $326,250. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 12 employees. This SBA loan request indicated that the loan would help generate 2 new jobs and retain 12 existing jobs. Next Steps for Getting an SBA Loan SBA loans provide smart, affordable business financing for small businesses looking to expand. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $435,000 loan. Remember, fight for what you want, and it will be yours! 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: SBA 7A Banks for Newtown, Connecticut Loans
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