Td Banknorth SBA Loan to Concrete Work Company

An SBA loan from Td Banknorth typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Farmington, Connecticut business owner got a $400,000 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Farmington, Connecticut was able to borrow $400,000 from Td Banknorth. The SBA made the loan possible by guaranteeing $300,000 of this Connecticut small business loan.

SBA Loan Borrower

COMPANY TYPE: CONCRETE WORK
FARMINGTON, CT 06032

SBA Loan Lender

TD BANKNORTH
2461 MAIN ST
GLASTONBURY, CT 06033

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

1771 - Concrete Work

NAICS Code

238990 - Specialty Trade Contractors

Loan Approval Date

6/27/2003

Loan Approval Gross Amount

$400,000

Loan Approval from the SBA

Of the total $400,000 loan amount, the SBA guaranteed $300,000.

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 39 employees. The loan application did not indicate that the small business planned to use the money to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans provide money to small business owners for working capital for other expenses.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Td Banknorth are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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.

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