Small Business Loans for Testing Laboratories

With these small business loans for testing laboratories, the SBA guarantees the lender that the loan will be repaid. This testing laboratories loan for $277,000 was given to a Connecticut entrepreneur in 2005.

Getting a small business loan in New Fairfield, Connecticut was important for this growing firm back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Webster Bank, operating out of New Milford, Connecticut. Here are the details on this Connecticut small business loan.

SBA Loan Borrower

COMPANY TYPE: TESTING LABORATORIES
New Fairfield, CT 06810

SBA Loan Lender

WEBSTER BANK
19 MAIN ST
NEW MILFORD, CT 06776

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA bank loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

541380 - Testing Laboratories

Loan Approval Date

6/24/2005

Loan Approval Gross Amount

$277,000

Loan Approval from the SBA

Of the total $277,000 loan amount, the SBA guaranteed $207,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower did not indicate that the business planned to use the funding to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you are wondering how to raise money for a company in New Fairfield CT, you ought to talk with a local New Fairfield SBA lender or talk with an out-of-area SBA lender that has previously loaned money to New Fairfield businesses.

We can help you find the best banks for small businesses in New Fairfield or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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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