 |
 |
May 12, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > Rhode Island Business Loan Sources > Providence, Business Loans > Bank Rhode Island Providence Business Loans > Personal Care Services Loan | ||||
 |
||||
Rhode Island Bank SBA Loans
|
||||
 |
Barrington, Rhode Island Business Gets SBA-Guaranteed Funding from Bank Rhode IslandAn SBA loan from Bank Rhode Island typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Barrington, Rhode Island business owner got a $10,000 loan. This growing company knew how to go about getting a business bank loan. Based in Barrington, Rhode Island, they applied for and received an SBA-guaranteed loan in 2006. The lending bank was Bank Rhode Island, based in Providence, Rhode Island. SBA Loan Borrower COMPANY TYPE: PERSONAL CARE SERVICES SBA Loan Lender BANK RHODE ISLAND 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 812199 - Personal Care Services Loan Approval Date 12/29/2006 Loan Approval Gross Amount $10,000 Loan Approval from the SBA Of the total $10,000 loan amount, the SBA guaranteed $5,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. This SBA loan request did not indicate that the company planned to use the loan proceeds to add employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $10,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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 Banks for Small Business in Providence, Rhode Island
|
|
||
|
||||
|
|
||||