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April 28, 2024 |
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| Home > Small Business Lenders by State > Rhode Island Business Loan Sources > Villanova, Business Loans > Sovereign Bank Villanova Business Loans > Pressed And Blown Glass And Glassware Manufacturing Loan | ||||
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Raising Money in Newport, Rhode Island With SBA Loans
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Sovereign Bank Gives Bank Loan to Pressed And Blown Glass And Glassware Manufacturing CompanyWould a Rhode Island SBA loan help your business get to the next level? If so, you may want to talk with this Pennsylvania bank, which offers SBA loans to Rhode Island entrepreneurs. You can learn something about getting a small business loan in Newport, Rhode Island by studying this loan to a local business, made back in 2005. Banks like Sovereign Bank may also be willing to lend to you, given that they granted this small business loan. SBA Loan Borrower COMPANY TYPE: PRESSED AND BLOWN GLASS AND GLASSWARE MANUFACTURING SBA Loan Lender SOVEREIGN 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 327212 - Pressed and Blown Glass and Glassware Manufacturing Loan Approval Date 4/1/2005 Loan Approval Gross Amount $25,000 Loan Approval from the SBA Of the total $25,000 loan amount, the SBA guaranteed $12,500. More Information on This SBA Loan The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 4 employees. The SBA loan application for the borrower indicated that the loan would help generate 1 new job and retain 4 existing jobs. Next Steps for Getting an SBA Loan SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you have a business and need capital to get to the next level? 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: SBA 7A Banks for Villanova, Pennsylvania Loans
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