Hometown Bank A Co-Operative B SBA Loan to Eating Places Company

Searching for a Connecticut business loan? Here's one Connecticut business loan that was approved by the SBA.

This growing firm needed an SBA business loan in Putnam, Connecticut back in 2000 and, after submitting their loan application, they were successful in getting an SBA loan from Hometown Bank A Co-Operative B, operating out of Webster, Massachusetts. Here are the details on this Connecticut small business loan.

SBA Loan Borrower

COMPANY TYPE: EATING PLACES
PUTNAM, CT 06260

SBA Loan Lender

HOMETOWN BANK A CO-OPERATIVE B
218 MAIN ST
WEBSTER, MA 01570

This was a Low Documentation SBA loan. The SBA launched this program to limit the paperwork associated with borrowing money. The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

Loan Approval Date

4/6/2000

Loan Approval Gross Amount

$40,000

Loan Approval from the SBA

Of the total $40,000 loan amount, the SBA guaranteed $32,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 7 employees. The SBA loan application for the borrower did not indicate that the company planned to use the funding to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you are raising money in Putnam CT, you ought to talk with a local Putnam SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Putnam businesses.

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.

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