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November 15, 2024 |
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| Home > Small Business Lenders by State > Connecticut Business Loan Sources > Wethersfield, Business Loans > Connecticut River Commun Bk Wethersfield Business Loans > Meat And Meat Product Merchant Wholesalers Loan | ||||
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Who Can Get a Business Loan in Hartford, Connecticut?
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Where to Get Capital for Meat and Meat Product Merchant WholesalersLooking for small business loans for meat and meat product merchant wholesalers? Talk to a banker who works with the SBA. This $50,000 meat and meat product merchant wholesalers loan was issued by a Connecticut bank. Getting a small business loan in Hartford, Connecticut was important for this company back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Connecticut River Commun Bk, operating out of Wethersfield, Connecticut. Here are the details on this Connecticut small business loan. SBA Loan Borrower COMPANY TYPE: MEAT AND MEAT PRODUCT MERCHANT WHOLESALERS SBA Loan Lender CONNECTICUT RIVER COMMUN BK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. 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 424470 - Meat and Meat Product Merchant Wholesalers Loan Approval Date 6/8/2007 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $25,000. 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 2 employees. The SBA loan application for the borrower indicated that the loan would help retain 2 existing jobs. Start the Process for Getting an SBA Loan Today! SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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: Role of Business Plan When Raising Money Small Business Banks in Wethersfield, Connecticut
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