SBA Loan from Connecticut River Commun Bk Helps Jewelry Stores Company

An SBA loan from Connecticut River Commun Bk typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Hartford, Connecticut business owner got a $120,000 loan.

This business received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with Connecticut River Commun Bk, out of Wethersfield, Connecticut. The loan was granted and they received $120,000 to help grow their Hartford, Connecticut business.

SBA Loan Borrower

COMPANY TYPE: JEWELRY STORES
HARTFORD, CT 06119

SBA Loan Lender

CONNECTICUT RIVER COMMUN BK
1190 SILAS DEANE HWY
WETHERSFIELD, CT 06109

This lender issued this commercial loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

448310 - Jewelry Stores

Loan Approval Date

12/26/2007

Loan Approval Gross Amount

$120,000

Loan Approval from the SBA

Of the total $120,000 loan amount, the SBA guaranteed $102,000.

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 3 employees. The SBA loan application for the borrower indicated that the loan would help retain 3 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $120,000 loan. Remember, fight for what you want, and it will be yours!

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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