Raising Money for Convenience Stores

Looking for bank loans for convenience stores? An SBA loan may be just what you've been looking for. This $25,000 convenience stores loan was issued by a Connecticut bank.

This company knew how to go about getting a business bank loan. Based in New Britain, Connecticut, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Webster Bank, based in Waterbury, Connecticut.

SBA Loan Borrower

COMPANY TYPE: CONVENIENCE STORES
New Britain, CT 06051

SBA Loan Lender

WEBSTER BANK
145 BANK ST
WATERBURY, CT 06702

This business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

445120 - Convenience Stores

Loan Approval Date

2/3/2007

Loan Approval Gross Amount

$25,000

Loan Approval from the SBA

Of the total $25,000 loan amount, the SBA guaranteed $12,500.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 3 employees. The SBA loan application for the borrower indicated that the loan would help generate 2 new jobs and retain 5 existing jobs.

Next Steps for Getting an SBA Loan

If you are raising money in New Britain CT, you ought to talk with a local New Britain SBA lender or talk with an out-of-area SBA lender that has previously loaned money to New Britain businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Webster Bank 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.

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