Webster Bank Provides SBA Loan to Buy Embroide Me.Com Franchise

Need a loan to buy an Embroide Me.Com franchise? Webster Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Milford, Connecticut needed money to invest in an Embroide Me.Com franchise back in 2003. Webster Bank issued an SBA franchise loan. Here are the details on this Connecticut small business loan.

SBA Loan Borrower

THE JAM GROUP, LLC.
MILFORD, CT 06460

SBA Loan Lender

WEBSTER BANK
609 W JOHNSON AVE
CHESHIRE, CT 06410

This SBA bank loan was issued under the SBA's Certified Lenders Program (CLP), which means that the lender has a successful SBA lending history and a deep knowledge SBA lending rules and regulations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

451130 - Sewing, Needlework, and Piece Goods Stores

Loan Approval Date

5/13/2003

Loan Approval Gross Amount

$172,500

Loan Approval from the SBA

Of the total $172,500 loan amount, the SBA guaranteed $129,375.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an Embroide Me.Com franchise. At the time of the loan, the company had only one employee. This SBA loan request did not indicate that the business promised to use the money to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

While you may be able to find other ways to get money to start a business, 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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