Financing for Freight Transportation Arrangement

With these commercial loans for freight transportation arrangement, the SBA guarantees the lender that the loan will be repaid. This freight transportation arrangement loan for $45,000 was given to a Connecticut entrepreneur in 2007.

This small business knew how to go about getting a business bank loan. Based in Vernon (town Of), Connecticut, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Rockville Bank, based in Rockville, Connecticut.

SBA Loan Borrower

COMPANY TYPE: FREIGHT TRANSPORTATION ARRANGEMENT
VERNON (TOWN OF), CT 06238

SBA Loan Lender

ROCKVILLE BANK
25 PARK ST
ROCKVILLE, CT 06066

This lender processed this small business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

488510 - Freight Transportation Arrangement

Loan Approval Date

2/16/2007

Loan Approval Gross Amount

$45,000

Loan Approval from the SBA

Of the total $45,000 loan amount, the SBA guaranteed $22,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the money to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you are working on finding money to start a business in Vernon (town Of) CT, you ought to talk with a local Vernon (town Of) SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Vernon (town Of) businesses.

This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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:

Raising Venture Capital

Good Banks for Small Business in Rockville, Connecticut

Getting an SBA Loan in Connecticut