Business Loan from Rbs Citizens Given to Commercial Flexographic Printing Company

Rbs Citizens has a track record as a leading provider of SBA loans. Find out how this Connecticut entrepreneur received an SBA loan from them.

Getting a small business loan in Milford, Connecticut was an essential business goal for this small business back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Rbs Citizens, operating out of New Haven, Connecticut. Here are the details on this Connecticut small business loan.

SBA Loan Borrower

COMPANY TYPE: COMMERCIAL FLEXOGRAPHIC PRINTING
MILFORD, CT 06460

SBA Loan Lender

RBS CITIZENS
209 CHURCH ST
NEW HAVEN, CT 06510

This 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

323112 - Commercial Flexographic Printing

Loan Approval Date

11/22/2000

Loan Approval Gross Amount

$328,500

Loan Approval from the SBA

Of the total $328,500 loan amount, the SBA guaranteed $246,375.

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 2 employees. The SBA loan documents did not indicate that the company promised to use the loan proceeds to add employees or retain any existing employees.

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

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.

Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!

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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Small Business Banks in New Haven, Connecticut

SBA Lenders in Connecticut