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December 18, 2024  
 
 
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How Hard Is It to Get a Small Business Loan in New Fairfield, Connecticut?

 

 
Loan Census SBA Loan Info

Florists Commercial Loans

Looking for commercial loans for florists? The SBA may be the answer. This $97,500 florists loan was issued by a Connecticut bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in New Fairfield, Connecticut was able to borrow $97,500 from Union Savings Bank. The SBA made the loan possible by guaranteeing $82,875 of this Connecticut small business loan.

SBA Loan Borrower

COMPANY TYPE: FLORISTS
NEW FAIRFIELD, CT 06812

SBA Loan Lender

UNION SAVINGS BANK
225 MAIN ST
DANBURY, CT 06810

This business loan was provided by a small business banker with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loans to the SBA get more expeditious service from the SBA on their loan applications.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

453110 - Florists

Loan Approval Date

11/9/2005

Loan Approval Gross Amount

$97,500

Loan Approval from the SBA

Of the total $97,500 loan amount, the SBA guaranteed $82,875.

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 4 employees. The loan application did not indicate that the SBA funding recipient promised to use the money to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Union Savings Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

The Friends and Family Network

SBA 7A Banks in Danbury, Connecticut

SBA Lenders in Connecticut