Guilford (census Name For Guil, CT Entrepreneur Gets SBA Loan to Buy Val Pak Franchise

Borrowing money to buy a Val Pak franchise? Fairfield County Bank Corp has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Val Pak franchise may simply require a phone call to a local SBA banker. In 2004, Fairfield County Bank Corp issued an SBA franchise loan to an entrepreneur in Guilford (census Name For Guil, Connecticut. Because Val Pak was registered with the SBA's registry of franchises, this Connecticut small business loan was issued on an expedited basis.

SBA Loan Borrower

RESULTS ADVERTISING LLC.
GUILFORD (CENSUS NAME FOR GUIL, CT 06437

SBA Loan Lender

FAIRFIELD COUNTY BANK CORP
374 MAIN ST
RIDGEFIELD, CT 06877

This lender processed this SBA small business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

541860 - Direct Mail Advertising

Loan Approval Date

9/30/2004

Loan Approval Gross Amount

$400,000

Loan Approval from the SBA

Of the total $400,000 loan amount, the SBA guaranteed $200,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Val Pak franchise. At the time of the loan, the company had 10 employees. The SBA loan application for the borrower indicated that the loan would help generate 1 new job and retain 10 existing jobs.

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.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Fairfield County Bank Corp had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Fairfield County Bank Corp made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Valpak Direct Marketing Systems, Inc.

Realistic Debt Financing Options

Who Lends Money to Small Businesses in Ridgefield, Connecticut

Connecticut SBA Banks