Getting an SBA Loan for Direct Mail Advertising

With these commercial loans for direct mail advertising, the SBA guarantees the lender that the loan will be repaid. This direct mail advertising loan for $1,500,000 was given to a Connecticut entrepreneur in 2004.

This business knew how to go about getting a business bank loan. Based in Guilford, Connecticut, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Fairfield County Bank Corp, based in Ridgefield, Connecticut.

SBA Loan Borrower

COMPANY TYPE: DIRECT MAIL ADVERTISING
GUILFORD, CT 06437

SBA Loan Lender

FAIRFIELD COUNTY BANK CORP
374 MAIN ST
RIDGEFIELD, CT 06877

At the time this loan was granted, the lender participated in the SBA's Certified Lenders Program (CLP). This program is designed to ensure quick service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

541860 - Direct Mail Advertising

Loan Approval Date

9/30/2004

Loan Approval Gross Amount

$1,500,000

Loan Approval from the SBA

Of the total $1,500,000 loan amount, the SBA guaranteed $1,125,000.

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 10 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the funding to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans provide money to small business owners for working capital for other expenses.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Fairfield County Bank Corp and they will explain how you can get an SBA loan for your company.

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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