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November 21, 2024 |
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| Home > Small Business Lenders by State > Connecticut Business Loan Sources > Houston, Business Loans > Small Business Loan Source LLC Houston Business Loans > Direct Selling Establishments Loan | ||||
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SBA Lenders in Connecticut
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Small Business Loan Source LLC SBA Loan to Direct Selling Establishments CompanyAn SBA loan from Small Business Loan Source LLC typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Groton, Connecticut business owner got a $1,995,000 loan. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Groton, Connecticut was able to borrow $1,995,000 from Small Business Loan Source LLC. The SBA made the loan possible by guaranteeing $1,496,250 of this Connecticut small business loan. SBA Loan Borrower COMPANY TYPE: DIRECT SELLING ESTABLISHMENTS SBA Loan Lender SMALL BUSINESS LOAN SOURCE LLC As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 454390 - Direct Selling Establishments Loan Approval Date 12/27/2007 Loan Approval Gross Amount $1,995,000 Loan Approval from the SBA Of the total $1,995,000 loan amount, the SBA guaranteed $1,496,250. 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 9 employees. This SBA loan request indicated that the loan would help retain 8 existing jobs. Getting an SBA Loan For Your Business SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. 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. Related Links: Find an SBA Lender in Houston, Texas Browse All Business Loan Sources for Texas
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