Company Gets a Connecticut Small Business Loan

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

Getting a small business loan in Norwalk, Connecticut was a top priority for this particular business back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Webster Bank. Here are the details on this Connecticut small business loan.

SBA Loan Borrower

COMPANY TYPE: MEDICAL, DENTAL AND HOSPITAL EQUIPMENT
NORWALK, CT 06850

SBA Loan Lender

WEBSTER BANK
189 MAIN ST
NORWALK, CT 06850

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan for a small business was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5047 - Medical, Dental and Hospital Equipment

NAICS Code

421450 - Medical, Dental, and Hospital Equipment and Supplies Wholesalers

Loan Approval Date

10/20/2000

Loan Approval Gross Amount

$72,480

Loan Approval from the SBA

Of the total $72,480 loan amount, the SBA guaranteed $57,984.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The SBA loan documents did not indicate that the small business planned to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

While you may be able to find business people willing to loan money, 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:

Business Incubators

Small Bank Loans in Norwalk, Connecticut

SBA Lenders in Connecticut