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November 15, 2024 |
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| Home > Small Business Lenders by State > Connecticut Business Loan Sources > Newtown, Business Loans > Newtown Savings Bank Newtown Business Loans > Edible Arrangements Loan | ||||
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SBA 7A Banks in Connecticut
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Connecticut Entrepreneur Secures Financing to Buy Edible Arrangements FranchiseBorrowing money to invest in an Edible Arrangements franchise? Newtown Savings Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Woodbury (census Name For Wood, Connecticut needed money to invest in an Edible Arrangements franchise back in 2006. Newtown Savings Bank issued an SBA franchise loan. Here are the details on this Connecticut small business loan. SBA Loan Borrower EDIBLE ARRANGEMENTS SBA Loan Lender NEWTOWN SAVINGS BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. 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 445299 - Specialty Food Stores Loan Approval Date 2/22/2006 Loan Approval Gross Amount $145,000 Loan Approval from the SBA Of the total $145,000 loan amount, the SBA guaranteed $72,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy an Edible Arrangements franchise. At the time of the loan, the company had only one employee. The loan application indicated that the loan would help generate 3 new jobs and retain 4 existing jobs. Getting an SBA Loan For Your Business For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. 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 Newtown Savings 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: Best Newtown, Connecticut Banks for Small Business
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