Connecticut Entrepreneur Secures Financing to Buy Advanced Detection Security Franchise

Need a loan to invest in an Advanced Detection Security franchise? Savings Bank Of Danbury has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy an Advanced Detection Security franchise may simply require a phone call to a local SBA banker. In 2005, Savings Bank Of Danbury issued an SBA franchise loan to an entrepreneur in Glastonbury, Connecticut. Because Advanced Detection Security was registered with the SBA's registry of franchises, this Connecticut small business loan was issued on an expedited basis.

SBA Loan Borrower

CONNECTICUT LASER ASSOCIATES,
GLASTONBURY, CT 06033

SBA Loan Lender

SAVINGS BANK OF DANBURY
220 MAIN ST
DANBURY, CT 06810

This loan was granted by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a thorough analysis of the loan application and, in return, SBA provides a fast loan decision.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812112 - Beauty Salons

Loan Approval Date

4/1/2005

Loan Approval Gross Amount

$1,370,000

Loan Approval from the SBA

Of the total $1,370,000 loan amount, the SBA guaranteed $1,027,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an Advanced Detection Security franchise. At the time of the loan, the company had 2 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

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

While you may be able to borrow money from friends and family, 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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