Wachovia Bank SBA Loan to Nondurable Goods Company

Want a Connecticut small business loan? Here's one Connecticut business loan that was approved by the SBA.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Weston, Connecticut was able to borrow $666,000 from Wachovia Bank. The SBA made the loan possible by guaranteeing $599,400 of this Connecticut small business loan.

SBA Loan Borrower

COMPANY TYPE: NONDURABLE GOODS
WESTON, CT 06883

SBA Loan Lender

WACHOVIA BANK
47 CHURCH ST
NEW HAVEN, CT 06510

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5199 - Nondurable Goods

Loan Approval Date

2/4/2000

Loan Approval Gross Amount

$666,000

Loan Approval from the SBA

Of the total $666,000 loan amount, the SBA guaranteed $599,400.

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 did not indicate that the SBA funding recipient planned to use the money to increase staffing levels or retain any existing employees.

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

Many small businesses receive loans backed by the U.S. Small Business Administration.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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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