Connecticut SBA Loan Issued to Engineering Services Company

ConnecticutBusiness loans are available to Connecticut business owners through the SBA. In this case, a Connecticut bank provides the loan.

You can learn something about getting a small business loan in North Haven, Connecticut by studying this loan to a local business, made back in 2005. Banks like Webster Bank may also be willing to lend to you, given that they granted this small business loan.

SBA Loan Borrower

COMPANY TYPE: ENGINEERING SERVICES
North Haven, CT 06473

SBA Loan Lender

WEBSTER BANK
145 BANK ST
WATERBURY, CT 06702

This lender processed this bank loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

541330 - Engineering Services

Loan Approval Date

6/20/2005

Loan Approval Gross Amount

$38,000

Loan Approval from the SBA

Of the total $38,000 loan amount, the SBA guaranteed $19,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The SBA loan documents indicated that the loan would help retain 1 existing job.

Next Steps for Getting an SBA Loan

If you are working on finding money to start a business in North Haven CT, you ought to talk with a local North Haven SBA lender or talk with an out-of-area SBA lender that has previously loaned money to North Haven businesses.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Webster Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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 Credit Evaluation

Small Bank Loans in Waterbury, Connecticut

SBA Connecticut Lenders