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December 22, 2024 |
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| Home > Small Business Lenders by State > Connecticut Business Loan Sources > Portland, Business Loans > Td Banknorth Portland Business Loans > Lawyers Loan | ||||
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CT Business Loans from Td Banknorth
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SBA Loan from Td Banknorth Helps Lawyers CompanyTd Banknorth has a track record as a leading provider of SBA loans. Find out how this Connecticut entrepreneur received an SBA loan from them. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Hamden, Connecticut was able to borrow $50,000 from Td Banknorth. The SBA made the loan possible by guaranteeing $25,000 of this Connecticut small business loan. SBA Loan Borrower COMPANY TYPE: LAWYERS SBA Loan Lender TD BANKNORTH 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 541110 - Lawyers Loan Approval Date 1/8/2008 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. This loan was not for a franchise. At the time of the loan, the company had only one employee. The SBA loan documents indicated that the loan would help retain 1 existing job. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. 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 $50,000 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: Best Portland, Maine Banks for Small Business
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