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May 1, 2024 |
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| Home > Small Business Lenders by State > Rhode Island Business Loan Sources > Providence, Business Loans > Bank Rhode Island Providence Business Loans > Costume Jewelry And Costume Novelties, Except Loan | ||||
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Examples of Cranston SBA Loans
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How to Get a Loan for Costume Jewelry and Novelty ManufacturingWith these commercial loans for costume jewelry and novelty manufacturing, the SBA guarantees the lender that the loan will be repaid. This costume jewelry and novelty manufacturing loan for $100,000 was given to a Rhode Island entrepreneur in 2000. This small business knew how to go about getting a business bank loan. Based in Cranston, Rhode Island, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was Bank Rhode Island, based in Providence, Rhode Island. SBA Loan Borrower COMPANY TYPE: COSTUME JEWELRY AND COSTUME NOVELTIES, EXCEPT 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. SIC Code 3961 - Costume Jewelry and Costume Novelties, Except NAICS Code 339914 - Costume Jewelry and Novelty Manufacturing Loan Approval Date 12/14/2000 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $50,000. 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 22 employees. The SBA loan application for the borrower indicated that the loan would help generate 3 new jobs and retain 25 existing jobs. Start the Process for Getting an SBA Loan Today! If you need money to start business in Cranston RI, you ought to talk with a local Cranston SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Cranston businesses. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Bank Rhode Island are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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. Related Links: Determining Proper Capital Structure for a Business SBA Participating Banks in Providence, Rhode Island
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