Residential Property Managers Commercial Loans

With these commercial loans for residential property managers, the SBA guarantees the lender that the loan will be repaid. This residential property managers loan for $425,000 was given to a Connecticut entrepreneur in 2002.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Woodbridge, Connecticut was able to borrow $425,000 from Webster Bank. The SBA made the loan possible by guaranteeing $318,750 of this Connecticut small business loan.

SBA Loan Borrower

COMPANY TYPE: RESIDENTIAL PROPERTY MANAGERS
WOODBRIDGE, CT 06798

SBA Loan Lender

WEBSTER BANK
19 MAIN ST
NEW MILFORD, CT 06776

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

531311 - Residential Property Managers

Loan Approval Date

10/18/2002

Loan Approval Gross Amount

$425,000

Loan Approval from the SBA

Of the total $425,000 loan amount, the SBA guaranteed $318,750.

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 10 employees. The loan application indicated that the loan would help create 1 new job.

Next Steps for Getting an SBA Loan

If you want money for new small business in Woodbridge CT, you ought to talk with a local Woodbridge SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Woodbridge businesses.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Webster Bank and they will explain how you can get an SBA loan for your company.

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:

SBIR Funding

Small Bank Loans in New Milford, Connecticut

Connecticut SBA Banks