Newalliance Bank SBA Loan to Nonmetallic Mineral Products Company

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

This up and coming company knew how to go about getting a business bank loan. Based in Thompson, Connecticut, they applied for and were given an SBA-guaranteed loan in 2000. The lending bank was Newalliance Bank, based in Putnam, Connecticut.

SBA Loan Borrower

COMPANY TYPE: NONMETALLIC MINERAL PRODUCTS
THOMPSON, CT 06279

SBA Loan Lender

NEWALLIANCE BANK
163 PROVIDENCE ST
PUTNAM, CT 06260

This lender issued this loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program began 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

3299 - Nonmetallic Mineral Products

Loan Approval Date

2/4/2000

Loan Approval Gross Amount

$144,000

Loan Approval from the SBA

Of the total $144,000 loan amount, the SBA guaranteed $108,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower indicated that the borrowed money would help create 2 new jobs.

Great, But How Can I Get an SBA Loan for My Business?

If you are wondering how to find money to start a business or need money to grow a business, an SBA loan can be a great funding source

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Direct Public Offerings

Small Business Banks in Putnam, Connecticut

Connecticut SBA 7A Lenders