Webster Bank SBA Loan to Eating Places Company
Looking to get a Connecticut SBA loan? Here's one Connecticut business loan that was approved by the SBA.
This up and coming company knew how to go about getting a business bank loan. Based in Hartford, Connecticut, they applied for and were given an SBA-guaranteed loan in 2000. The lending bank was Webster Bank, based in New Haven, Connecticut.
SBA Loan Borrower
COMPANY TYPE: EATING PLACES
HARTFORD, CT 06117
SBA Loan Lender
WEBSTER BANK
80 ELM ST
NEW HAVEN, CT 06510
Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
5812 - Eating Places
Loan Approval Date
7/25/2000
Loan Approval Gross Amount
$130,000
Loan Approval from the SBA
Of the total $130,000 loan amount, the SBA guaranteed $97,500.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had 12 employees. The SBA loan documents indicated that the loan would help generate 8 new jobs and retain 12 existing jobs.
Start the Process for Getting an SBA Loan Today!
SBA loans provide money to small business owners for working capital for other expenses.
We can help you find the best banks for small businesses in Hartford or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.
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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