Newtown Savings Bank Provides SBA Loan to Buy Dream Dinners Franchise

Need a loan to buy a Dream Dinners franchise? Newtown Savings Bank has a history of making these loans and they are guaranteed by the SBA.

Dream Dinners franchise loans are available to Middlebury, Connecticut entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Newtown Savings Bank, based in Newtown, Connecticut, issued an SBA franchise loan for a Dream Dinners franchise in 2006. We've got all the details on this Connecticut small business loan.

SBA Loan Borrower

DREAM DINNERS
MIDDLEBURY, CT 06762

SBA Loan Lender

NEWTOWN SAVINGS BANK
39 MAIN ST
NEWTOWN, CT 06470

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

445299 - Specialty Food Stores

Loan Approval Date

7/28/2006

Loan Approval Gross Amount

$285,000

Loan Approval from the SBA

Of the total $285,000 loan amount, the SBA guaranteed $142,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Dream Dinners franchise. At the time of the loan, the company had 7 employees. This SBA loan request indicated that the loan would help generate 10 new jobs and retain 7 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $285,000 loan. Remember, anyone can do it... so why not you?

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:

Dream Dinners

SBIR Funding

SBA Approved Banks in Newtown, Connecticut

Getting a Business Loan in Connecticut