Hartford, Connecticut Bank Gives SBA Loan to Florists Company
Want to talk with a Hartford, Connecticut bank about a small business loan? Here's one Minnesota business loan, issued by a Hartford bank, that was approved by the SBA.
Applying for an SBA loan with Business Lenders, LLC worked out well for our friends at one local company in Maple Grove, Minnesota. They received an SBA loan for $223,000. Awesome!
SBA Loan Borrower
COMPANY TYPE: FLORISTS
MAPLE GROVE, MN 55369
SBA Loan Lender
BUSINESS LENDERS, LLC
50 STATE HOUSE SQUARE 5TH FL
HARTFORD, CT 06103
This lender provides SBA commercial loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
453110 - Florists
Loan Approval Date
1/18/2008
Loan Approval Gross Amount
$223,000
Loan Approval from the SBA
Of the total $223,000 loan amount, the SBA guaranteed $167,250.
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 2 employees. The loan application indicated that the loan would help generate 1 new job and retain 2 existing jobs.
Next Steps for Getting an SBA Loan
Many small businesses receive loans backed by the U.S. Small Business Administration.
We can help you find the best banks for small businesses in Maple Grove or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.
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:
Determining Proper Capital Structure for a Business
SBA Participating Banks in Hartford, Connecticut
Connecticut SBA Banks