Ridgefield, Connecticut Bank Lends Money to Educational Support Services Company in Westport (town Of), Connecticut

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

Applying for an SBA loan with Fairfield County Bank Corp worked out well for our friends at one local firm in Westport (town Of), Connecticut. They got an SBA loan for $25,000. Nice!

SBA Loan Borrower

COMPANY TYPE: EDUCATIONAL SUPPORT SERVICES
WESTPORT (TOWN OF), CT 06880

SBA Loan Lender

FAIRFIELD COUNTY BANK CORP
374 MAIN ST
RIDGEFIELD, CT 06877

This bank loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

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

611710 - Educational Support Services

Loan Approval Date

2/5/2007

Loan Approval Gross Amount

$25,000

Loan Approval from the SBA

Of the total $25,000 loan amount, the SBA guaranteed $12,500.

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 only one employee. This SBA loan request indicated that the loan would help generate 2 new jobs and retain 1 existing job.

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

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Fairfield County Bank Corp had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Fairfield County Bank Corp 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:

Business Incubators

SBA Banks in Ridgefield, Connecticut

SBA Lenders in Connecticut