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November 15, 2024 |
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| Home > Small Business Lenders by State > Connecticut Business Loan Sources > Wethersfield, Business Loans > Connecticut River Commun Bk Wethersfield Business Loans > Child Day Care Services Loan | ||||
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Connecticut River Commun Bk
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SBA Loan from Connecticut River Commun Bk Helps Child Day Care Services CompanyConnecticut River Commun Bk and the SBA work together to get business loans for growing small businesses. Here's an example of how a Connecticut entrepreneur was able to get a loan to take a small business to the next level. Getting a small business loan in Glastonbury, Connecticut was an essential business goal for this small business back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Connecticut River Commun Bk, operating out of Wethersfield, Connecticut. Here are the details on this Connecticut small business loan. SBA Loan Borrower COMPANY TYPE: CHILD DAY CARE SERVICES SBA Loan Lender CONNECTICUT RIVER COMMUN BK The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide commercial loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 624410 - Child Day Care Services Loan Approval Date 11/8/2007 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $42,500. 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 16 employees. The SBA loan application for the borrower indicated that the loan would help retain 16 existing jobs. Getting an SBA Loan For Your Business Although it's called an SBA loan, 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. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Connecticut River Commun Bk that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: Best Banks in Wethersfield, Connecticut
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