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November 14, 2024 |
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| Home > Small Business Lenders by State > Connecticut Business Loan Sources > Parsons, Business Loans > Community So. Bank D.B.A Commun Parsons Business Loans > Gasoline Stations With Convenience Stores Loan | ||||
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Small Business Banks for Plainville (town Of), Connecticut Businesses
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Community So. Bank D.B.A Commun Gives Small Business Loan to Gasoline Stations With Convenience Stores CompanyConnecticutBusiness loans are available to Connecticut business owners through the SBA. In this case, a Tennessee bank provides the loan. Getting a small business loan in Plainville (town Of), Connecticut was a top priority for this SBA-financed company back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Community So. Bank D.B.A Commun. Here are the details on this Connecticut small business loan. SBA Loan Borrower COMPANY TYPE: GASOLINE STATIONS WITH CONVENIENCE STORES SBA Loan Lender COMMUNITY SO. BANK D.B.A COMMUN As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 447110 - Gasoline Stations with Convenience Stores Loan Approval Date 3/7/2006 Loan Approval Gross Amount $376,000 Loan Approval from the SBA Of the total $376,000 loan amount, the SBA guaranteed $282,000. 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 loan application indicated that the loan would help generate 2 new jobs and retain 3 existing jobs. Next Steps for Getting an SBA Loan SBA loans provide money to small business owners for working capital for other expenses. While you may be able to borrow money from friends and family, 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: Obtaining Funding - Getting Venture Capital Who Lends Money to Small Businesses in Parsons, Tennessee
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