Getting an SBA Loan for Interior Design Services

With these commercial loans for interior design services, the SBA guarantees the lender that the loan will be repaid. This interior design services loan for $125,000 was given to a Connecticut entrepreneur in 2002.

Getting a small business loan in Essex, Connecticut was important for this business back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Essex Savings Bank, operating out of Essex, Connecticut. Here are the details on this Connecticut small business loan.

SBA Loan Borrower

COMPANY TYPE: BUSINESS SERVICES
ESSEX, CT 06426

SBA Loan Lender

ESSEX SAVINGS BANK
35 PLAINS RD
ESSEX, CT 06426

This business 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

7389 - Business Services

NAICS Code

541410 - Interior Design Services

Loan Approval Date

12/6/2002

Loan Approval Gross Amount

$125,000

Loan Approval from the SBA

Of the total $125,000 loan amount, the SBA guaranteed $106,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. The SBA loan documents did not indicate that the company promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

Many small businesses receive loans backed by the U.S. Small Business Administration.

While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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.

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