 |
 |
May 1, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > Rhode Island Business Loan Sources > Warwick, Business Loans > Home Loan Invest Bank F.S.B. Warwick Business Loans > Men's And Boys' Cut And Sew Suit, Coat, And Overcoat Manufacturing Loan | ||||
 |
||||
Providence, Rhode Island Bank Loan
|
||||
 |
Where to Get Capital for Men's and Boys' Cut and Sew Suit, Coat, and Overcoat ManufacturingWith these small business loans for men's and boys' cut and sew suit, coat, and overcoat manufacturing, the SBA guarantees the lender that the loan will be repaid. This men's and boys' cut and sew suit, coat, and overcoat manufacturing loan for $220,000 was given to a Rhode Island entrepreneur in 2007. This company received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with Home Loan Invest Bank F.S.B., out of Warwick, Rhode Island. The loan was granted and they received $220,000 to help grow their Providence, Rhode Island business. SBA Loan Borrower COMPANY TYPE: MEN'S AND BOYS' CUT AND SEW SUIT, COAT, AND OVERCOAT MANUFACTURING SBA Loan Lender HOME LOAN INVEST BANK F.S.B. Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 315222 - Men's and Boys' Cut and Sew Suit, Coat, and Overcoat Manufacturing Loan Approval Date 6/8/2007 Loan Approval Gross Amount $220,000 Loan Approval from the SBA Of the total $220,000 loan amount, the SBA guaranteed $165,000. 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 25 employees. This SBA loan request indicated that the loan would help retain 25 existing jobs. Start the Process for Getting an SBA Loan Today! If you are wondering how to find money to start a business or need money to grow a business, an SBA loan can be a great way to raise money SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Home Loan Invest Bank F.S.B. and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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 Warwick, Rhode Island Find an SBA Lender in Rhode Island
|
|
||
|
||||
|
|
||||