Wethersfield, Connecticut Lender Lends Money to Furniture Stores Company

Get to know Wethersfield, Connecticut banks that specialize in business loans and know how to work with entrepreneurs. Connecticut River Commun Bk is one such bank, as evidenced by this SBA loan to a growing company.

Finding a small business loan in Manchester (town Of), Connecticut starts with an understanding of who else has gotten loans in the area. In this case, a local firm received funding from Connecticut River Commun Bk. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: FURNITURE STORES
MANCHESTER (TOWN OF), CT 06040

SBA Loan Lender

CONNECTICUT RIVER COMMUN BK
1190 SILAS DEANE HWY
WETHERSFIELD, CT 06109

This SBA small business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

442110 - Furniture Stores

Loan Approval Date

10/22/2007

Loan Approval Gross Amount

$200,000

Loan Approval from the SBA

Of the total $200,000 loan amount, the SBA guaranteed $150,000.

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 60 employees. The SBA loan documents indicated that the loan would help generate 5 new jobs and retain 60 existing jobs.

Getting an SBA Loan For Your Business

If you are working on finding money to start a business in Manchester (town Of) CT, you ought to talk with a local Manchester (town Of) SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Manchester (town Of) businesses.

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 $200,000 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.

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