Packaged Frozen Food Wholesalers Loans

With these loans for packaged frozen food wholesalers, the SBA guarantees the lender that the loan will be repaid. This packaged frozen food wholesalers loan for $500,000 was given to a Rhode Island entrepreneur in 2001.

Getting a small business loan in Wakefield, Rhode Island was important for this company back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Washington Tr Co - Westerly, operating out of Wyoming, Rhode Island. Here are the details on this Rhode Island small business loan.

SBA Loan Borrower

COMPANY TYPE: FISH AND SEAFOODS
WAKEFIELD, RI 02879

SBA Loan Lender

WASHINGTON TR CO - WESTERLY
1200 MAIN ST
WYOMING, RI 02898

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

5146 - Fish and Seafoods

NAICS Code

422420 - Packaged Frozen Food Wholesalers

Loan Approval Date

6/22/2001

Loan Approval Gross Amount

$500,000

Loan Approval from the SBA

Of the total $500,000 loan amount, the SBA guaranteed $450,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 2 employees. The SBA loan documents did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans provide smart, affordable business financing for small businesses looking to expand.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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.

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