Semiconductor and Related Device Manufacturing Bank Loans

With these bank loans for semiconductor and related device manufacturing, the SBA guarantees the lender that the loan will be repaid. This semiconductor and related device manufacturing loan for $150,000 was given to a Connecticut entrepreneur in 2001.

Getting a small business loan in Waterbury, Connecticut was important for this growing firm back in 2001 and, based on their loan application, they were successful in getting an SBA loan from People's United Bank, operating out of Stamford, Connecticut. Here are the details on this Connecticut small business loan.

SBA Loan Borrower

COMPANY TYPE: SEMICONDUCTORS AND RELATED DEVICES
WATERBURY, CT 06708

SBA Loan Lender

PEOPLE'S UNITED BANK
350 BEDFORD ST
STAMFORD, CT 06902

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3674 - Semiconductors and Related Devices

NAICS Code

334413 - Semiconductor and Related Device Manufacturing

Loan Approval Date

12/3/2001

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

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 8 employees. The SBA loan application for the borrower did not indicate that the company planned to use the loan proceeds to add employees 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.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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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