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May 2, 2024 |
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| Home > Small Business Lenders by State > Massachusetts Business Loan Sources > East Greenwich, Business Loans > Independence Bank East Greenwich Business Loans > Gasoline Stations Loan | ||||
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SBA Lender East Greenwich, Rhode Island
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Entrepreneur Works With East Greenwich, Rhode Island Bank to Get an SBA LoanThinking about meeting with an East Greenwich, Rhode Island bank about a small business loan? Here's one Massachusetts business loan, issued by an East Greenwich bank, that was approved by the SBA. Applying for an SBA loan with Independence Bank worked out well for our friends at one local company in Peabody, Massachusetts. They received an SBA loan for $615,000. Great job! SBA Loan Borrower COMPANY TYPE: GASOLINE STATIONS SBA Loan Lender INDEPENDENCE BANK This lender provides SBA loan for small businesses as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 447190 - Gasoline Stations Loan Approval Date 10/11/2006 Loan Approval Gross Amount $615,000 Loan Approval from the SBA Of the total $615,000 loan amount, the SBA guaranteed $461,250. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had no employees. The loan application indicated that the loan would help generate 5 new jobs. Next Steps for Getting an SBA Loan For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. This company got an SBA loan. You can too! Maybe you need seed money for 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: The Friends and Family Network SBA Banks in East Greenwich, Rhode Island
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