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May 17, 2024 |
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| Home > Small Business Lenders by State > Rhode Island Business Loan Sources > Narragansett, Business Loans > Washington Tr Co - Westerly Narragansett Business Loans > Disinfecting And Pest Control Services Loan | ||||
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Best Banks That Lend to Narragansett Small Businesses
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Narragansett, Rhode Island Entrepreneur Gets an SBA LoanRhode IslandBusiness loans are available to Rhode Island business owners through the SBA. In this case, a Rhode Island bank provides the loan. By giving the right information to Washington Tr Co - Westerly, this Narragansett, Rhode Island business was able to get an SBA loan. To get this loan, the business owner gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back. SBA Loan Borrower COMPANY TYPE: DISINFECTING AND PEST CONTROL SERVICES SBA Loan Lender WASHINGTON TR CO - WESTERLY This SBA small 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 7342 - Disinfecting and Pest Control Services NAICS Code 561710 - Exterminating and Pest Control Services Loan Approval Date 1/5/2001 Loan Approval Gross Amount $480,000 Loan Approval from the SBA Of the total $480,000 loan amount, the SBA guaranteed $360,000. 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 4 employees. The SBA loan application for the borrower did not indicate that the company promised to use the money to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. While you may be able to find other ways to get money to start a business, 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: Find an SBA Lender in Narragansett, Rhode Island Getting a Business Loan in Rhode Island
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