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November 15, 2024 |
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| Home > Small Business Lenders by State > Connecticut Business Loan Sources > New London, Business Loans > Rbs Citizens New London Business Loans > News Dealers And Newsstands Loan | ||||
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SBA Lender New Haven Connecticut
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Raising Money for News Dealers and NewsstandsLooking for business loans for news dealers and newsstands? Talk to a banker who works with the SBA. This $100,000 news dealers and newsstands loan was issued by a Connecticut bank. This small business knew how to go about getting a business bank loan. Based in New Haven, Connecticut, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was Rbs Citizens, based in New London, Connecticut. SBA Loan Borrower COMPANY TYPE: NEWS DEALERS AND NEWSSTANDS SBA Loan Lender RBS CITIZENS This SBA loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours. 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 451212 - News Dealers and Newsstands Loan Approval Date 12/15/2000 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $50,000. 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 6 employees. The SBA loan application for the borrower indicated that the loan would help retain 6 existing jobs. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Rbs Citizens 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: Find an SBA Lender in New London, Connecticut
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