Commercial Loans for Interurban and Rural Bus Transportation

With these commercial loans for interurban and rural bus transportation, the SBA guarantees the lender that the loan will be repaid. This interurban and rural bus transportation loan for $565,000 was given to a Connecticut entrepreneur in 2005.

This business knew how to go about getting a business bank loan. Based in Torrington, Connecticut, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was 1st National Bank - Litchfield, based in Litchfield, Connecticut.

SBA Loan Borrower

COMPANY TYPE: INTERURBAN AND RURAL BUS TRANSPORTATION
TORRINGTON, CT 06790

SBA Loan Lender

1ST NATIONAL BANK - LITCHFIELD
13 NORTH ST
LITCHFIELD, CT 06759

This lender issued this loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 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.

NAICS Code

485210 - Interurban and Rural Bus Transportation

Loan Approval Date

6/21/2005

Loan Approval Gross Amount

$565,000

Loan Approval from the SBA

Of the total $565,000 loan amount, the SBA guaranteed $423,750.

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 44 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the funding to increase staffing levels or retain any existing employees.

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

SBA loans provide money to small business owners for working capital for other expenses.

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.

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