Connecticut Business Loan Issued to Sporting Goods Stores Company

Want a Connecticut small business loan? This Connecticut entrepreneur got a small business loan, provided by a Connecticut bank that works with the SBA to help small business owners.

Getting a small business loan in Hartford, Connecticut was a top priority for this small company back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Webster Bank. Here are the details on this Connecticut small business loan.

SBA Loan Borrower

COMPANY TYPE: SPORTING GOODS STORES
HARTFORD, CT 06114

SBA Loan Lender

WEBSTER BANK
80 ELM ST
NEW HAVEN, CT 06510

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

451110 - Sporting Goods Stores

Loan Approval Date

9/10/2003

Loan Approval Gross Amount

$27,600

Loan Approval from the SBA

Of the total $27,600 loan amount, the SBA guaranteed $23,460.

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 3 employees. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 3 existing jobs.

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

SBA loans provide smart, affordable business financing for small businesses looking to expand.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Webster Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Webster Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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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Connecticut Business Loan Issued to Sporting Goods Stores Company