Ridgestone Bank SBA Loan to Home Health Care Services Company

An SBA loan from Ridgestone Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a New Haven, Connecticut business owner got a $250,000 loan.

This small firm knew how to go about getting a business bank loan. Based in New Haven, Connecticut, they applied for and received an SBA-guaranteed loan in 2007. The lending bank was Ridgestone Bank, based in Brookfield, Wisconsin.

SBA Loan Borrower

COMPANY TYPE: HOME HEALTH CARE SERVICES
NEW HAVEN, CT 06511

SBA Loan Lender

RIDGESTONE BANK
13925 W NORTH AVE
BROOKFIELD, WI 53005

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

621610 - Home Health Care Services

Loan Approval Date

9/12/2007

Loan Approval Gross Amount

$250,000

Loan Approval from the SBA

Of the total $250,000 loan amount, the SBA guaranteed $187,500.

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 450 employees. The SBA loan application for the borrower indicated that the loan would help generate 100 new jobs and retain 350 existing jobs.

Start the Process for Getting an SBA Loan Today!

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Ridgestone Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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 Loan

Where to Get an SBA Loan in Brookfield, Wisconsin

SBA Lenders in Wisconsin