New Haven, Connecticut Bank Gives SBA Loan to Limited-Service Restaurants Company

Thinking about meeting with a New Haven, Connecticut bank about a small business loan? Here's one Connecticut business loan, issued by a New Haven bank, that was approved by the SBA.

Applying for an SBA loan with Webster Bank worked out well for our friends at one local firm in West Haven, Connecticut. They received an SBA loan for $300,000. Great job!

SBA Loan Borrower

COMPANY TYPE: LIMITED-SERVICE RESTAURANTS
WEST HAVEN, CT 06516

SBA Loan Lender

WEBSTER BANK
80 ELM ST
NEW HAVEN, CT 06510

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

8/24/2004

Loan Approval Gross Amount

$300,000

Loan Approval from the SBA

Of the total $300,000 loan amount, the SBA guaranteed $225,000.

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 12 employees. The SBA loan documents indicated that the loan would help generate 12 new jobs and retain 12 existing jobs.

Next Steps for Getting an SBA Loan

If you are wondering how to raise money for a company in West Haven CT, you ought to talk with a local West Haven SBA lender or talk with an out-of-area SBA lender that has previously loaned money to West Haven businesses.

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Webster Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Advice on Getting a Small Business Loan

SBA 7A Lenders in New Haven, Connecticut

Connecticut SBA Bank Lenders