Supermarkets and Grocery Stores Business Loans

With these business loans for supermarkets and grocery stores, the SBA guarantees the lender that the loan will be repaid. This supermarkets and grocery stores loan for $1,320,500 was given to a Connecticut entrepreneur in 2004.

Getting a small business loan in Waterbury, Connecticut was important for this business back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Webster Bank, operating out of New Haven, Connecticut. Here are the details on this Connecticut small business loan.

SBA Loan Borrower

COMPANY TYPE: SUPERMARKETS AND GROCERY STORES
WATERBURY, CT 06708

SBA Loan Lender

WEBSTER BANK
80 ELM ST
NEW HAVEN, CT 06510

This lender provides SBA loan for small businesses as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

445110 - Supermarkets and Grocery Stores

Loan Approval Date

5/28/2004

Loan Approval Gross Amount

$1,320,500

Loan Approval from the SBA

Of the total $1,320,500 loan amount, the SBA guaranteed $990,375.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2202 employees. The SBA loan application for the borrower indicated that the loan would help retain 240 existing jobs.

Getting an SBA Loan For Your Business

If you have been wondering how do i get money to start a business in Waterbury CT, you ought to talk with a local Waterbury SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Waterbury businesses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Webster Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Webster Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

The Friends and Family Network

Small Business Banks in New Haven, Connecticut

Getting an SBA Loan in Connecticut