Raising Money for Jewelry Stores

With these business loans for jewelry stores, the SBA guarantees the lender that the loan will be repaid. This jewelry stores loan for $20,000 was given to a Connecticut entrepreneur in 2008.

This small business knew how to go about getting a business bank loan. Based in Hartford, Connecticut, they applied for and were awarded an SBA-guaranteed loan in 2008. The lending bank was Connecticut River Commun Bk, based in Wethersfield, Connecticut.

SBA Loan Borrower

COMPANY TYPE: JEWELRY STORES
HARTFORD, CT 06120

SBA Loan Lender

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

This lender processed this SBA 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

448310 - Jewelry Stores

Loan Approval Date

1/9/2008

Loan Approval Gross Amount

$20,000

Loan Approval from the SBA

Of the total $20,000 loan amount, the SBA guaranteed $10,000.

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 4 employees. The SBA loan documents indicated that the loan would help retain 4 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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.

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