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December 19, 2024 |
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| Home > Small Business Lenders by State > Connecticut Business Loan Sources > New Milford, Business Loans > Webster Bank New Milford Business Loans > Eating Places Loan | ||||
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Connecticut SBA Banks
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New Milford, Connecticut Bank Lends Money to Eating Places Company in New Milford, ConnecticutGet business loans from a New Milford, Connecticut bank that knows how to treat small business owners right! If this firm can get a loan, there's no reason you can't do it too. Webster Bank is a New Milford, Connecticut small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a Connecticut company. SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender WEBSTER BANK This lender issued this particular small business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 6/26/2000 Loan Approval Gross Amount $132,675 Loan Approval from the SBA Of the total $132,675 loan amount, the SBA guaranteed $99,506. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 19 employees. The SBA loan application for the borrower did not indicate that the company planned to use the money to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $132,675 loan. Remember, if it to be, it is up to me! 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: Best Banks in New Milford, Connecticut
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