Meriden, Connecticut Bank Lends Money to Security Guards And Patrol Services Company in Meriden, Connecticut

Want to talk with a Meriden, Connecticut bank about an SBA loan? Here's one Connecticut business loan, issued by a Meriden bank, that was approved by the SBA.

Applying for an SBA loan with Castle Bank And Trust Company worked out well for our friends at one local business in Meriden, Connecticut. The business was able to get an SBA loan for $60,000. Way to go!

SBA Loan Borrower

COMPANY TYPE: SECURITY GUARDS AND PATROL SERVICES
MERIDEN, CT 06451

SBA Loan Lender

CASTLE BANK AND TRUST COMPANY
100 HANOVER ST
MERIDEN, CT 06451

This lender issued this business loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

561612 - Security Guards and Patrol Services

Loan Approval Date

4/24/2003

Loan Approval Gross Amount

$60,000

Loan Approval from the SBA

Of the total $60,000 loan amount, the SBA guaranteed $51,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 120 employees. The loan application did not indicate that the SBA funding recipient promised to use the funding to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans provide money to small business owners for working capital for other expenses.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Castle Bank And Trust Company so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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SBA Participating Banks in Meriden, Connecticut

Connecticut SBA Bank Lenders