Prospect (town Of), Connecticut Entrepreneur Gets a Bank Loan

SBA loans in Connecticut are are few and far betweeen these days. We take a look at one Connecticut SBA loan, provided by a North Carolina bank, that was approved by the SBA.

Getting a small business loan in Prospect (town Of), Connecticut was a top priority for this particular business back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Wachovia Bank. Here are the details on this Connecticut small business loan.

SBA Loan Borrower

COMPANY TYPE: FLORISTS
PROSPECT (TOWN OF), CT 06712

SBA Loan Lender

WACHOVIA BANK
301 S COLLEGE ST MAIN LOBBY
CHARLOTTE, NC 28202

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

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

453110 - Florists

Loan Approval Date

2/19/2004

Loan Approval Gross Amount

$191,500

Loan Approval from the SBA

Of the total $191,500 loan amount, the SBA guaranteed $95,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 4 employees. The loan application indicated that the loan would help generate 4 new jobs and retain 4 existing jobs.

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

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you need money to buy a business? 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:

A Company That Helps Entrepreneurs

Where to Get an SBA Loan in Charlotte, North Carolina

SBA North Carolina Banks