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May 11, 2024 |
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| Home > Small Business Lenders by State > Rhode Island Business Loan Sources > Providence, Business Loans > Bank Of America Providence Business Loans > Finfish Fishing Loan | ||||
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Charlestown, Rhode Island Bank Loan
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Where to Get Capital for Finfish FishingLooking for SBA loans for finfish fishing? The SBA may be the answer. This $268,400 finfish fishing loan was issued by a Rhode Island bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Charlestown, Rhode Island was able to borrow $268,400 from Bank Of America. The SBA made the loan possible by guaranteeing $201,300 of this Rhode Island small business loan. SBA Loan Borrower COMPANY TYPE: FINFISH FISHING SBA Loan Lender BANK OF AMERICA This lender provides SBA bank loans 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 114111 - Finfish Fishing Loan Approval Date 10/10/2001 Loan Approval Gross Amount $268,400 Loan Approval from the SBA Of the total $268,400 loan amount, the SBA guaranteed $201,300. 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 3 employees. The SBA loan documents indicated that the loan would help retain 3 existing jobs. Great, But How Can I Get an SBA Loan for My Business? If you need money to start business in Charlestown RI, you ought to talk with a local Charlestown SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Charlestown businesses. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $268,400 loan. Remember, feel the fear, and do it anyway. 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 Providence, Rhode Island Banks for Small Business
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