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May 1, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > East Greenwich, Business Loans > Independence Bank East Greenwich Business Loans > Specialty Food Stores Loan | ||||
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SBA Lenders 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 Florida 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 business in Altamonte Springs, Florida. They received an SBA loan for $200,000. Sweet! SBA Loan Borrower COMPANY TYPE: SPECIALTY FOOD STORES SBA Loan Lender INDEPENDENCE BANK This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 445299 - Specialty Food Stores Loan Approval Date 10/20/2006 Loan Approval Gross Amount $200,000 Loan Approval from the SBA Of the total $200,000 loan amount, the SBA guaranteed $150,000. 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 2 employees. The SBA loan documents indicated that the loan would help generate 11 new jobs and retain 2 existing jobs. Next Steps for Getting an SBA Loan The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Independence Bank and they will explain how you can get an SBA loan for your company. 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 Lenders in East Greenwich, Rhode Island
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