How to Get a Loan for Personal Services

Looking for business loans for personal services? Talk to a banker who works with the SBA. This $126,500 personal services loan was issued by a Connecticut bank.

This business received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with People's United Bank, out of Bridgeport, Connecticut. The loan was granted and they received $126,500 to help grow their P, Connecticut business.

SBA Loan Borrower

COMPANY TYPE: PERSONAL SERVICES
P, CT 06614

SBA Loan Lender

PEOPLE'S UNITED BANK
850 MAIN ST
BRIDGEPORT, CT 06604

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812990 - Personal Services

Loan Approval Date

5/31/2006

Loan Approval Gross Amount

$126,500

Loan Approval from the SBA

Of the total $126,500 loan amount, the SBA guaranteed $94,875.

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 only one employee. The SBA loan application for the borrower indicated that the loan would help retain 1 existing job.

Great, But How Can I Get an SBA Loan for My Business?

Many small businesses receive loans backed by the U.S. Small Business Administration.

This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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:

The Art of Bootstrapping

SBA Participating Banks in Bridgeport, Connecticut

SBA Lenders in Connecticut