Financing for Optical Goods Stores

Looking for commercial loans for optical goods stores? An SBA loan may be just what you've been looking for. This $400,000 optical goods stores loan was issued by a Connecticut bank.

This small business received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Collinsville Savings Society, out of Canton, Connecticut. The loan was granted and they received $400,000 to help grow their Hartford, Connecticut business.

SBA Loan Borrower

COMPANY TYPE: OPTICAL GOODS STORES
HARTFORD, CT 06103

SBA Loan Lender

COLLINSVILLE SAVINGS SOCIETY
277 ALBANY TPKE
CANTON, CT 06019

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide debt financing to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

446130 - Optical Goods Stores

Loan Approval Date

3/16/2006

Loan Approval Gross Amount

$400,000

Loan Approval from the SBA

Of the total $400,000 loan amount, the SBA guaranteed $300,000.

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 29 employees. This SBA loan request did not indicate that the small business planned to use the money to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $400,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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:

Microlending as a Small Business Funding Source

Small Bank Loans in Canton, Connecticut

SBA Connecticut Lenders