Business Loan from People's United Bank Given to Folding Paperboard Boxes Company

An SBA loan from People's United Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an East Hampton, Connecticut business owner got a $315,000 loan.

Getting a small business loan in East Hampton, Connecticut was an essential business goal for this company back in 2001 and, based on their loan application, they were successful in getting an SBA loan from People's United Bank, operating out of Bridgeport, Connecticut. Here are the details on this Connecticut small business loan.

SBA Loan Borrower

COMPANY TYPE: FOLDING PAPERBOARD BOXES
EAST HAMPTON, CT 06424

SBA Loan Lender

PEOPLE'S UNITED BANK
850 MAIN ST
BRIDGEPORT, CT 06604

This commercial loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2657 - Folding Paperboard Boxes

NAICS Code

322212 - Folding Paperboard Box Manufacturing

Loan Approval Date

9/25/2001

Loan Approval Gross Amount

$315,000

Loan Approval from the SBA

Of the total $315,000 loan amount, the SBA guaranteed $236,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 16 employees. The loan application did not indicate that the SBA funding recipient planned to use the loan proceeds to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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:

Borrowing Money from Friends and Family

Good Banks for Small Business in Bridgeport, Connecticut

Where to Get an SBA Loan Connecticut