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December 22, 2024 |
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| Home > Small Business Lenders by State > Connecticut Business Loan Sources > Hillsboro, Business Loans > Ncb, Fsb Hillsboro Business Loans > Eating Places Loan | ||||
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Banks in Connecticut
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Full-Service Restaurants SBA LoansWith these SBA loans for full-service restaurants, the SBA guarantees the lender that the loan will be repaid. This full-service restaurants loan for $850,000 was given to a Connecticut entrepreneur in 2001. This business knew how to go about getting a business bank loan. Based in Newtown, Connecticut, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Ncb, Fsb, based in Hillsboro, Ohio. SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender NCB, FSB SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This small business loan was issued via the SBA 7a lending program. 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 12/6/2001 Loan Approval Gross Amount $850,000 Loan Approval from the SBA Of the total $850,000 loan amount, the SBA guaranteed $637,500. 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 9 employees. The SBA loan application for the borrower did not indicate that the business planned to use the funding to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans provide money to small business owners for working capital for other expenses. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Ncb, Fsb that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: Where to Get an SBA Loan in Hillsboro, Ohio
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