Milford, CT Entrepreneur Gets SBA Loan to Buy Golf Etc. Franchise

Borrowing money to invest in a Golf Etc. franchise? Webster Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Golf Etc. franchise may simply require a phone call to a local SBA banker. In 2004, Webster Bank issued an SBA franchise loan to an entrepreneur in Milford, Connecticut. Because Golf Etc. was registered with the SBA's registry of franchises, this Connecticut small business loan was issued on an expedited basis.

SBA Loan Borrower

GOLF ETC OF NEW HAVEN
MILFORD, CT 06460

SBA Loan Lender

WEBSTER BANK
80 ELM ST
NEW HAVEN, CT 06510

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

453998 - Store Retailers

Loan Approval Date

7/7/2004

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 a new business. This loan was used to buy a Golf Etc. franchise. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the loan would help create 4 new jobs.

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

If you need money to start business in Milford CT, you ought to talk with a local Milford SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Milford businesses.

While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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.

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