Business Loan from Savings Bank Of Danbury Given to Coin-Operated Laundries And Drycleaning Company

An SBA loan from Savings Bank Of Danbury typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a New Milford, Connecticut business owner got a $69,000 loan.

This business received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Savings Bank Of Danbury, out of Danbury, Connecticut. The loan was granted and they received $69,000 to help grow their New Milford, Connecticut business.

SBA Loan Borrower

COMPANY TYPE: COIN-OPERATED LAUNDRIES AND DRYCLEANING
NEW MILFORD, CT 06776

SBA Loan Lender

SAVINGS BANK OF DANBURY
220 MAIN ST
DANBURY, CT 06810

This loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7215 - Coin-Operated Laundries and Drycleaning

NAICS Code

812310 - Coin-Operated Laundries and Drycleaners

Loan Approval Date

6/20/2000

Loan Approval Gross Amount

$69,000

Loan Approval from the SBA

Of the total $69,000 loan amount, the SBA guaranteed $51,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 22 employees. The loan application did not indicate that the business promised to use the money to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans provide smart, affordable business financing for small businesses looking to expand.

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:

Obtaining Funding - How to Borrow Money

SBA 7A Lenders in Danbury, Connecticut

Connecticut SBA Banks