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November 15, 2024 |
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| Home > Small Business Lenders by State > Connecticut Business Loan Sources > Cheshire, Business Loans > Webster Bank Cheshire Business Loans > Special Industry Machinery Loan | ||||
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Examples of Farmington SBA Loans
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Machine Tool Manufacturing LoansLooking for loans for machine tool manufacturing? The SBA may be the answer. This $1,500,000 machine tool manufacturing loan was issued by a Connecticut bank. This company received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Webster Bank, out of Cheshire, Connecticut. The loan was granted and they received $1,500,000 to help grow their Farmington, Connecticut business. SBA Loan Borrower COMPANY TYPE: SPECIAL INDUSTRY MACHINERY SBA Loan Lender WEBSTER BANK This loan was issued by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a comprehensive analysis of the loan application and, in return, SBA promises a quick answer on whether the loan qualifies. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 3559 - Special Industry Machinery NAICS Code 333513 - Machine Tool Manufacturing Loan Approval Date 9/26/2001 Loan Approval Gross Amount $1,500,000 Loan Approval from the SBA Of the total $1,500,000 loan amount, the SBA guaranteed $999,900. 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 92 employees. This SBA loan request did not indicate that the business planned to use the money to add employees or retain any existing employees. Next Steps for Getting an SBA Loan Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. We've showcased information on this loan to let you know that businesses like yours 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. Related Links: Who Lends Money to Small Businesses in Cheshire, Connecticut
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