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December 20, 2024 |
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| Home > Small Business Lenders by State > Connecticut Business Loan Sources > West Springfield, Business Loans > Newalliance Bank West Springfield Business Loans > Interior Design Services Loan | ||||
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Small Business Banks for North Grosvenordale Business Owners
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North Grosvenordale, Connecticut Entrepreneur Gets a Bank LoanSearching for a Connecticut bank loan? This Connecticut entrepreneur got a bank loan, provided by a Massachusetts bank that works with the SBA to help small business owners. You can learn something about getting a small business loan in North Grosvenordale, Connecticut by studying this loan to a local company, made back in 2004. Banks like Newalliance Bank may also be willing to lend to you, given that they granted this small business loan. SBA Loan Borrower COMPANY TYPE: INTERIOR DESIGN SERVICES SBA Loan Lender NEWALLIANCE BANK This SBA 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. NAICS Code 541410 - Interior Design Services Loan Approval Date 12/9/2004 Loan Approval Gross Amount $144,800 Loan Approval from the SBA Of the total $144,800 loan amount, the SBA guaranteed $108,600. 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 only one employee. The SBA loan documents did not indicate that the small business promised to use the funding to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Newalliance Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Newalliance Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Raising VC Money for Social Networking Companies Who Lends Money to Small Businesses in West Springfield, Massachusetts
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