Union Savings Bank Gives Small Business Loan to Unsupported Plastics Packaging Film And Sheet Manufacturing Company

Business loans in Connecticut are tough to come by these days. We take a look at one Connecticut business loan, provided by a Connecticut bank, that was approved by the SBA.

This company, based in Newton, Connecticut, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Union Savings Bank. We've got the inside scoop on this Connecticut small business loan.

SBA Loan Borrower

COMPANY TYPE: UNSUPPORTED PLASTICS PACKAGING FILM AND SHEET MANUFACTURING
NEWTON, CT 06470

SBA Loan Lender

UNION SAVINGS BANK
225 MAIN ST
DANBURY, CT 06810

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide SBA loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

326112 - Unsupported Plastics Packaging Film and Sheet Manufacturing

Loan Approval Date

3/28/2005

Loan Approval Gross Amount

$309,000

Loan Approval from the SBA

Of the total $309,000 loan amount, the SBA guaranteed $231,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. This SBA loan request did not indicate that the company planned to use the loan proceeds to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

Every year, the SBA guarantees over $10 billion for loans just like this one.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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

SBA Banks in Danbury, Connecticut

SBA Participating Banks in Connecticut