Simsbury, Connecticut Bank Gives SBA Loan to Building Material Dealers Company

Find Simsbury, Connecticut banks that specialize in SBA loans and know how to work with entrepreneurs. Simsbury Bank & Trust Inc. is one such bank, as evidenced by this SBA loan to one business.

Finding a small business loan in Simsbury (census Name For Sims, Connecticut starts with an understanding of who else has gotten loans in the area. In this case, a local small business received funding from Simsbury Bank & Trust Inc.. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: BUILDING MATERIAL DEALERS
SIMSBURY (CENSUS NAME FOR SIMS, CT 06070

SBA Loan Lender

SIMSBURY BANK & TRUST INC.
760 HOPMEADOW ST
SIMSBURY, CT 06070

The lender provided this SBA loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

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

444190 - Building Material Dealers

Loan Approval Date

4/20/2005

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $25,000.

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 12 employees. The SBA loan documents indicated that the loan would help create 2 new jobs.

Getting an SBA Loan For Your Business

If you need business start up money in Simsbury (census Name For Sims CT, you ought to talk with a local Simsbury (census Name For Sims SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Simsbury (census Name For Sims businesses.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Simsbury Bank & Trust Inc. 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.

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