Getting an SBA Loan for Ophthalmic Goods Merchant Wholesalers

With these SBA loans for ophthalmic goods merchant wholesalers, the SBA guarantees the lender that the loan will be repaid. This ophthalmic goods merchant wholesalers loan for $450,000 was given to a Connecticut entrepreneur in 2006.

This small business received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Patriot National Bank, out of Stamford, Connecticut. The loan was granted and they received $450,000 to help grow their Stamford, Connecticut business.

SBA Loan Borrower

COMPANY TYPE: OPHTHALMIC GOODS MERCHANT WHOLESALERS
STAMFORD, CT 06902

SBA Loan Lender

PATRIOT NATIONAL BANK
900 BEDFORD ST
STAMFORD, CT 06901

This SBA small business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

423460 - Ophthalmic Goods Merchant Wholesalers

Loan Approval Date

2/13/2006

Loan Approval Gross Amount

$450,000

Loan Approval from the SBA

Of the total $450,000 loan amount, the SBA guaranteed $337,500.

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 20 employees. The SBA loan documents did not indicate that the business promised to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

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

We've showcased information on this loan to let you know that businesses like yours 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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Small Business Banks in Stamford, Connecticut

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