Bank Of America SBA Loan to Manufacturing Industries Company

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

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Sandy Hook, Connecticut was able to borrow $75,000 from Bank Of America. The SBA made the loan possible by guaranteeing $37,500 of this Connecticut small business loan.

SBA Loan Borrower

COMPANY TYPE: MANUFACTURING INDUSTRIES
SANDY HOOK, CT 06482

SBA Loan Lender

BANK OF AMERICA
111 WESTMINSTER ST
PROVIDENCE, RI 02903

This lender processed this debt financing under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

SIC Code

3999 - Manufacturing Industries

Loan Approval Date

8/22/2000

Loan Approval Gross Amount

$75,000

Loan Approval from the SBA

Of the total $75,000 loan amount, the SBA guaranteed $37,500.

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 2 employees. The SBA loan application for the borrower indicated that the loan would help retain 2 existing jobs.

Next Steps for Getting an SBA Loan

If you need business start up money in Sandy Hook CT, you ought to talk with a local Sandy Hook SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Sandy Hook businesses.

We can help you find the best banks for small businesses in Sandy Hook or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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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