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December 19, 2024 |
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| Home > Small Business Lenders by State > Connecticut Business Loan Sources > Wyomissing, Business Loans > Sovereign Bank Wyomissing Business Loans > General Freight Trucking, Local Loan | ||||
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Business Loans for New Britain Business Owners
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SBA Loans for General Freight Trucking, LocalLooking for SBA loans for general freight trucking, local? An SBA loan may be just what you've been looking for. This $30,700 general freight trucking, local loan was issued by a Pennsylvania bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in New Britain, Connecticut was able to borrow $30,700 from Sovereign Bank. The SBA made the loan possible by guaranteeing $15,350 of this Connecticut small business loan. SBA Loan Borrower COMPANY TYPE: GENERAL FREIGHT TRUCKING, LOCAL SBA Loan Lender SOVEREIGN BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 484110 - General Freight Trucking, Local Loan Approval Date 11/22/2004 Loan Approval Gross Amount $30,700 Loan Approval from the SBA Of the total $30,700 loan amount, the SBA guaranteed $15,350. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The loan application indicated that the loan would help retain 1 existing job. Getting an SBA Loan For Your Business SBA loans provide money to small business owners for working capital for other expenses. 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. Related Links: Small Business Banks in Wyomissing, Pennsylvania
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