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December 19, 2024 |
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| Home > Small Business Lenders by State > Connecticut Business Loan Sources > Hartford, Business Loans > Connecticut Bank & Trust Hartford Business Loans > Support Activities For Forestry Loan | ||||
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CT SBA Loan from Connecticut Bank & Trust
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SBA Loan from Connecticut Bank & Trust Helps Support Activities For Forestry CompanyConnecticut Bank & Trust and the SBA work together to get business loans for growing small businesses. Here's an example of how a Connecticut entrepreneur was able to get a loan to take a small business to the next level. This small firm received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Connecticut Bank & Trust, out of Hartford, Connecticut. The loan was granted and they received $100,000 to help grow their Tolland, Connecticut business. SBA Loan Borrower COMPANY TYPE: SUPPORT ACTIVITIES FOR FORESTRY SBA Loan Lender CONNECTICUT BANK & TRUST The lender provided this bank 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 115310 - Support Activities for Forestry Loan Approval Date 10/25/2006 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $50,000. 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 3 employees. The SBA loan documents indicated that the loan would help generate 1 new job and retain 3 existing jobs. Start the Process for Getting an SBA Loan Today! SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. 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 $100,000 loan. Remember, if it to be, it is up to me! 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: Obtaining Funding - How to Decide How Much to Raise Find an SBA Lender in Hartford, Connecticut
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