Raising Money for Telemarketing Bureaus and Contact Centers

With these business loans for telemarketing bureaus and contact centers, the SBA guarantees the lender that the loan will be repaid. This telemarketing bureaus and contact centers loan for $5,000 was given to a Connecticut entrepreneur in 2005.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Madison, Connecticut was able to borrow $5,000 from Bank Of America. The SBA made the loan possible by guaranteeing $2,500 of this Connecticut small business loan.

SBA Loan Borrower

COMPANY TYPE: TELEMARKETING BUREAUS AND CONTACT CENTERS
MADISON, CT 06443

SBA Loan Lender

BANK OF AMERICA
111 WESTMINSTER ST
PROVIDENCE, RI 02903

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

561422 - Telemarketing Bureaus and Contact Centers

Loan Approval Date

2/3/2005

Loan Approval Gross Amount

$5,000

Loan Approval from the SBA

Of the total $5,000 loan amount, the SBA guaranteed $2,500.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 only one employee. The SBA loan application for the borrower indicated that the loan would help retain 1 existing job.

Getting an SBA Loan For Your Business

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

While you may be able to borrow money from friends and family, 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.

Related Links:

Borrowing Money from Friends and Family

Find an SBA Lender in Providence, Rhode Island

Getting a Business Loan in Rhode Island