Loan Census Banking News and Information
May 21, 2024  
 
 
  Business Loan Information  
 

We Needed a Small Business Loan in Fremont, New Hampshire and We Got One!

 

 
Loan Census SBA Loan Info

Borrowing Money for Prefabricated Metal Building and Component Manufacturing

With these bank loans for prefabricated metal building and component manufacturing, the SBA guarantees the lender that the loan will be repaid. This prefabricated metal building and component manufacturing loan for $38,000 was given to a New Hampshire entrepreneur in 2004.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Fremont, New Hampshire was able to borrow $38,000 from Rbs Citizens. The SBA made the loan possible by guaranteeing $19,000 of this New Hampshire small business loan.

SBA Loan Borrower

COMPANY TYPE: PREFABRICATED METAL BUILDING AND COMPONENT MANUFACTURING
FREMONT, NH 03044

SBA Loan Lender

RBS CITIZENS
ONE CITIZENS PLAZA
PROVIDENCE, RI 02903

The lender provided this SBA small business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

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

332311 - Prefabricated Metal Building and Component Manufacturing

Loan Approval Date

3/16/2004

Loan Approval Gross Amount

$38,000

Loan Approval from the SBA

Of the total $38,000 loan amount, the SBA guaranteed $19,000.

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 loan application indicated that the loan would help retain 1 existing job.

Start the Process for Getting an SBA Loan Today!

If you need money to start a business or already have a business and need money to expand, an SBA loan can be a great funding source

While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

Raising Venture Capital

SBA 7A Banks for Providence, Rhode Island Loans

Browse All Business Loan Sources for Rhode Island