Getting an SBA Loan for Tobacco Stores

With these business loans for tobacco stores, the SBA guarantees the lender that the loan will be repaid. This tobacco stores loan for $150,000 was given to a Connecticut entrepreneur in 2006.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Waterbury, Connecticut was able to borrow $150,000 from Newtown Savings Bank. The SBA made the loan possible by guaranteeing $75,000 of this Connecticut small business loan.

SBA Loan Borrower

COMPANY TYPE: TOBACCO STORES
WATERBURY, CT 06705

SBA Loan Lender

NEWTOWN SAVINGS BANK
39 MAIN ST
NEWTOWN, CT 06470

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

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

453991 - Tobacco Stores

Loan Approval Date

12/4/2006

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $75,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 1 new job and retain 3 existing jobs.

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

If you want money for new small 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.

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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