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November 15, 2024 |
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| Home > Small Business Lenders by State > Connecticut Business Loan Sources > Orange, Business Loans > Prime Bank Orange Business Loans > Finish Carpentry Contractors Loan | ||||
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Orange, Connecticut Bank for SBA Loans
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Orange, Connecticut Lender Lends Money to Finish Carpentry Contractors CompanyGet to know Orange, Connecticut banks that specialize in business loans and know how to work with entrepreneurs. Prime Bank is one such bank, as evidenced by this SBA loan to a growing company. Finding a small business loan in Milford, Connecticut starts with an understanding of who else has gotten loans in the area. In this case, a small company received funding from Prime Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower COMPANY TYPE: FINISH CARPENTRY CONTRACTORS SBA Loan Lender PRIME BANK 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 238350 - Finish Carpentry Contractors Loan Approval Date 6/16/2005 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 14 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: SBA 7A Banks for Orange, Connecticut Loans
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