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May 6, 2024 |
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| Home > Small Business Lenders by State > Rhode Island Business Loan Sources > Cranston, Business Loans > Webster Bank Cranston Business Loans > Hobby, Toy, And Game Shops Loan | ||||
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Webster Bank Small Business Loan
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Toy and Hobby Goods and Supplies Wholesalers Bank LoansWith these bank loans for toy and hobby goods and supplies wholesalers, the SBA guarantees the lender that the loan will be repaid. This toy and hobby goods and supplies wholesalers loan for $1,000,000 was given to a Rhode Island entrepreneur in 2000. Getting a small business loan in Cranston, Rhode Island was important for this company back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Webster Bank, operating out of Cranston, Rhode Island. Here are the details on this Rhode Island small business loan. SBA Loan Borrower COMPANY TYPE: HOBBY, TOY, AND GAME SHOPS SBA Loan Lender WEBSTER BANK This SBA bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5945 - Hobby, Toy, and Game Shops NAICS Code 421920 - Toy and Hobby Goods and Supplies Wholesalers Loan Approval Date 12/12/2000 Loan Approval Gross Amount $1,000,000 Loan Approval from the SBA Of the total $1,000,000 loan amount, the SBA guaranteed $750,000. 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 8 employees. The SBA loan application for the borrower did not indicate that the business promised to use the funding to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! Many small businesses receive loans backed by the U.S. Small Business Administration. This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you need money to buy a business? 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. Related Links: Raising VC Money for Social Networking Companies Best Banks for Small Business in Cranston, Rhode Island
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