Enfield Fed. S & L Association SBA Loan to Beer, Wine, And Liquor Stores Company

An SBA loan from Enfield Fed. S & L Association typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Vernon, Connecticut business owner got a $517,000 loan.

Getting a small business loan in Vernon, Connecticut was an essential business goal for this firm back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Enfield Fed. S & L Association, operating out of Enfield, Connecticut. Here are the details on this Connecticut small business loan.

SBA Loan Borrower

COMPANY TYPE: BEER, WINE, AND LIQUOR STORES
VERNON, CT 06066

SBA Loan Lender

ENFIELD FED. S & L ASSOCIATION
855 ENFIELD ST
ENFIELD, CT 06082

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

NAICS Code

445310 - Beer, Wine, and Liquor Stores

Loan Approval Date

3/12/2004

Loan Approval Gross Amount

$517,000

Loan Approval from the SBA

Of the total $517,000 loan amount, the SBA guaranteed $387,750.

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 only one employee. This SBA loan request did not indicate that the business planned to use the funding to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you have a business and need capital to get to the next level? 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.

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