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November 15, 2024 |
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| Home > Small Business Lenders by State > North Carolina Business Loan Sources > Bridgeport, Business Loans > People's United Bank Bridgeport Business Loans > Bottled Water Manufacturing Loan | ||||
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People's United Bank
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SBA Loan from People's United Bank Helps Bottled Water Manufacturing CompanyAn SBA loan from People's United Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Powells Point, North Carolina business owner got a $995,000 loan. This growing company knew how to go about getting a business bank loan. Based in Powells Point, North Carolina, they applied for and received an SBA-guaranteed loan in 2006. The lending bank was People's United Bank, based in Bridgeport, Connecticut. SBA Loan Borrower COMPANY TYPE: BOTTLED WATER MANUFACTURING SBA Loan Lender PEOPLE'S UNITED BANK This SBA bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 312112 - Bottled Water Manufacturing Loan Approval Date 4/11/2006 Loan Approval Gross Amount $995,000 Loan Approval from the SBA Of the total $995,000 loan amount, the SBA guaranteed $746,250. 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 6 employees. The SBA loan documents did not indicate that the business promised to use the money to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like People's United Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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: Best Banks for Small Business in Bridgeport, Connecticut
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