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April 29, 2024 |
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| Home > Small Business Lenders by State > Rhode Island Business Loan Sources > Warwick, Business Loans > Home Loan Invest Bank F.S.B. Warwick Business Loans > Lumber And Other Building Materials Dealer Loan | ||||
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Warwick Lenders
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Warwick, Rhode Island Lender Lends Money to Lumber And Other Building Materials Dealer CompanyThinking about meeting with a Warwick, Rhode Island bank about a small business loan? Here's one Rhode Island business loan, issued by a Warwick bank, that was approved by the SBA. Applying for an SBA loan with Home Loan Invest Bank F.S.B. worked out well for our friends at one local firm in Portsmouth, Rhode Island. They got an SBA loan for $182,000. Way to go! SBA Loan Borrower COMPANY TYPE: LUMBER AND OTHER BUILDING MATERIALS DEALER SBA Loan Lender HOME LOAN INVEST BANK F.S.B. SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5211 - Lumber and Other Building Materials Dealer Loan Approval Date 9/26/2000 Loan Approval Gross Amount $182,000 Loan Approval from the SBA Of the total $182,000 loan amount, the SBA guaranteed $136,500. 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 12 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the funding to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! If you are raising money in Portsmouth RI, you ought to talk with a local Portsmouth SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Portsmouth businesses. This SBA loan was for $182,000. How would you spend $182,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Role of Business Plan When Raising Money SBA 7A Banks in Warwick, Rhode Island Browse All Business Loan Sources for Rhode Island
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