Firm Gets a Connecticut SBA Loan
Small business loans in Connecticut are are few and far betweeen these days. We take a look at one Connecticut small business loan, provided by a Connecticut bank, that was approved by the SBA.
You can learn something about getting a small business loan in Westport, Connecticut by studying this loan to a local company, made back in 2004. Banks like Fairfield County Bank Corp may also be willing to lend to you, given that they granted this small business loan.
SBA Loan Borrower
COMPANY TYPE: SCHOOLS AND INSTRUCTION
WESTPORT, CT 06880
SBA Loan Lender
FAIRFIELD COUNTY BANK CORP
374 MAIN ST
RIDGEFIELD, CT 06877
SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA bank loan was issued via the SBA 7a lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
611699 - Schools and Instruction
Loan Approval Date
10/6/2004
Loan Approval Gross Amount
$125,000
Loan Approval from the SBA
Of the total $125,000 loan amount, the SBA guaranteed $106,250.
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 4 employees. The loan application did not indicate that the company promised to use the funding to add employees or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
SBA loans provide smart, affordable business financing for small businesses looking to expand.
While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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.
Related Links:
Family and Friend Investors - Your First Financiers
SBA Banks in Ridgefield, Connecticut
Connecticut SBA 7A Lenders