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December 19, 2024 |
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| Home > Small Business Lenders by State > Connecticut Business Loan Sources > Westport, Business Loans > Connecticut Commun Bank National A Westport Business Loans > Building Cleaning And Maintenance Services, N.E.C Loan | ||||
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Connecticut Commun Bank National A
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Stamford, Connecticut Business Gets SBA-Guaranteed Funding from Connecticut Commun Bank National AConnecticut Commun Bank National A has a track record as a leading provider of SBA loans. Find out how this Connecticut entrepreneur received an SBA loan from them. This business received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Connecticut Commun Bank National A, out of Westport, Connecticut. The loan was granted and they received $550,000 to help grow their Stamford, Connecticut business. SBA Loan Borrower COMPANY TYPE: BUILDING CLEANING AND MAINTENANCE SERVICES, N.E.C SBA Loan Lender CONNECTICUT COMMUN BANK NATIONAL A This lender issued this business loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7349 - Building Cleaning and Maintenance Services, N.E.C NAICS Code 561790 - Services to Buildings and Dwellings Loan Approval Date 12/11/2000 Loan Approval Gross Amount $550,000 Loan Approval from the SBA Of the total $550,000 loan amount, the SBA guaranteed $412,500. 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 6 employees. This SBA loan request did not indicate that the small business promised to use the funding to add employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $550,000 loan. Remember, feel the fear, and do it anyway. 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 Westport, Connecticut Banks for Small Business Getting an SBA Loan in Connecticut
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