Newalliance Bank SBA Loan to Landscape Counseling And Planning Company

Searching for a Connecticut SBA 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 Willimantic, Connecticut was able to borrow $84,800 from Newalliance Bank. The SBA made the loan possible by guaranteeing $67,840 of this Connecticut small business loan.

SBA Loan Borrower

COMPANY TYPE: LANDSCAPE COUNSELING AND PLANNING
WILLIMANTIC, CT 06226

SBA Loan Lender

NEWALLIANCE BANK
6 STORRS RD
MANSFIELD, CT 06250

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

0781 - Landscape Counseling and Planning

Loan Approval Date

2/16/2000

Loan Approval Gross Amount

$84,800

Loan Approval from the SBA

Of the total $84,800 loan amount, the SBA guaranteed $67,840.

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 2 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans provide smart, affordable business financing for small businesses looking to expand.

This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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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