Rhode Island SBA Loan Issued to Automotive Body, Paint, And Interior Repair And Maintenance Company
Business loans in Rhode Island are hard to find these days. We take a look at one Rhode Island business loan, provided by a Rhode Island bank, that was approved by the SBA.
Getting a small business loan in Coventry (washington), Rhode Island was a top priority for this SBA-financed company back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Washington Tr Co - Westerly. Here are the details on this Rhode Island small business loan.
SBA Loan Borrower
COMPANY TYPE: AUTOMOTIVE BODY, PAINT, AND INTERIOR REPAIR AND MAINTENANCE
COVENTRY (WASHINGTON), RI 02816
SBA Loan Lender
WASHINGTON TR CO - WESTERLY
23 BROAD ST
WESTERLY, RI 02891
This small business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
811121 - Automotive Body, Paint, and Interior Repair and Maintenance
Loan Approval Date
4/23/2003
Loan Approval Gross Amount
$20,000
Loan Approval from the SBA
Of the total $20,000 loan amount, the SBA guaranteed $10,000.
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 only one employee. The SBA loan documents indicated that the loan would help retain 1 existing job.
Start the Process for Getting an SBA Loan Today!
If you are wondering how to find money to start a business or already have a business and need money to expand, an SBA loan can be a great source of funding.
If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Washington Tr Co - Westerly so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.
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:
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Getting a Business Loan in Rhode Island