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November 22, 2024 |
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| Home > Small Business Lenders by State > Connecticut Business Loan Sources > Clinton, Business Loans > Unity Bank Clinton Business Loans > Hotels And Motels Loan | ||||
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Unity Bank Groton, Connecticut
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Groton, Connecticut Business Gets SBA-Guaranteed Funding from Unity BankUnity Bank is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Connecticut entrepreneur who tapped into the power of SBA loans. This business knew how to go about getting a business bank loan. Based in Groton, Connecticut, they applied for and received an SBA-guaranteed loan in 2000. The lending bank was Unity Bank, based in Clinton, New Jersey. SBA Loan Borrower COMPANY TYPE: HOTELS AND MOTELS SBA Loan Lender UNITY BANK The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide business loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7011 - Hotels and Motels Loan Approval Date 6/30/2000 Loan Approval Gross Amount $750,000 Loan Approval from the SBA Of the total $750,000 loan amount, the SBA guaranteed $562,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 6 employees. This SBA loan request did not indicate that the business planned to use the funding to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans provide money to small business owners for working capital for other expenses. 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: Find an SBA Lender in Clinton, New Jersey Getting an SBA Loan in New Jersey
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