SBA Loan from Newtown Savings Bank Helps Home Health Care Services 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 Danbury, Connecticut business owner got a $75,000 loan.

This business received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with Newtown Savings Bank, out of Newtown, Connecticut. The loan was granted and they received $75,000 to help grow their Danbury, Connecticut business.

SBA Loan Borrower

COMPANY TYPE: HOME HEALTH CARE SERVICES
DANBURY, CT 06810

SBA Loan Lender

NEWTOWN SAVINGS BANK
39 MAIN ST
NEWTOWN, CT 06470

This lender processed this debt financing 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

621610 - Home Health Care Services

Loan Approval Date

10/19/2007

Loan Approval Gross Amount

$75,000

Loan Approval from the SBA

Of the total $75,000 loan amount, the SBA guaranteed $37,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The loan application indicated that the loan would help generate 1 new job and retain 3 existing jobs.

Next Steps for Getting an SBA Loan

If you have been wondering how do i get money to start a business in Danbury CT, you ought to talk with a local Danbury SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Danbury businesses.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $75,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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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