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April 28, 2024 |
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| Home > Small Business Lenders by State > Rhode Island Business Loan Sources > Providence, Business Loans > Washington Tr Co - Westerly Providence Business Loans > Fruit And Vegetable Markets Loan | ||||
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I Need a Small Business Loan in East Providence, Rhode Island
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Fruit and Vegetable Markets Small Business LoansLooking for small business loans for fruit and vegetable markets? Try the SBA. This $315,000 fruit and vegetable markets loan was issued by a Rhode Island bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in East Providence, Rhode Island was able to borrow $315,000 from Washington Tr Co - Westerly. The SBA made the loan possible by guaranteeing $236,250 of this Rhode Island small business loan. SBA Loan Borrower COMPANY TYPE: FRUIT AND VEGETABLE MARKETS SBA Loan Lender WASHINGTON TR CO - WESTERLY This business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5431 - Fruit and Vegetable Markets NAICS Code 445230 - Fruit and Vegetable Markets Loan Approval Date 2/8/2002 Loan Approval Gross Amount $315,000 Loan Approval from the SBA Of the total $315,000 loan amount, the SBA guaranteed $236,250. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. This SBA loan request did not indicate that the SBA funding recipient planned to use the money to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Washington Tr Co - Westerly are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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: Obtaining Funding - How to Decide How Much to Raise Small Bank Loans in Providence, Rhode Island Find an SBA Lender in Rhode Island
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