Moodus, Connecticut Business Gets SBA-Guaranteed Funding from Ncb, Fsb

An SBA loan from Ncb, Fsb typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Moodus, Connecticut business owner got a $300,000 loan.

This small firm received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Ncb, Fsb, out of Hillsboro, Ohio. The loan was granted and they received $300,000 to help grow their Moodus, Connecticut business.

SBA Loan Borrower

COMPANY TYPE: FUEL OIL DEALERS
MOODUS, CT 06469

SBA Loan Lender

NCB, FSB
139 S HIGH ST
HILLSBORO, OH 45133

This lender issued this business loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5983 - Fuel Oil Dealers

NAICS Code

454311 - Heating Oil Dealers

Loan Approval Date

12/21/2001

Loan Approval Gross Amount

$300,000

Loan Approval from the SBA

Of the total $300,000 loan amount, the SBA guaranteed $225,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 13 employees. The SBA loan documents did not indicate that the business promised to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

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

We can help you find the best banks for small businesses in Moodus or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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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