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May 17, 2024 |
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| Home > Small Business Lenders by State > Rhode Island Business Loan Sources > Wakefield, Business Loans > Newport Federal Savings Bank Wakefield Business Loans > Real Estate Agents And Managers Loan | ||||
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Tips for Business Owners On Getting a Loan
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Loans for Nonresidential Property ManagersLooking for loans for nonresidential property managers? Try the SBA. This $30,000 nonresidential property managers loan was issued by a Rhode Island bank. Getting a small business loan in Newport, Rhode Island was important for this growing firm back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Newport Federal Savings Bank, operating out of Wakefield, Rhode Island. Here are the details on this Rhode Island small business loan. SBA Loan Borrower COMPANY TYPE: REAL ESTATE AGENTS AND MANAGERS SBA Loan Lender NEWPORT FEDERAL SAVINGS BANK This lender issued this SBA small business loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 6531 - Real Estate Agents and Managers NAICS Code 531312 - Nonresidential Property Managers Loan Approval Date 10/24/2000 Loan Approval Gross Amount $30,000 Loan Approval from the SBA Of the total $30,000 loan amount, the SBA guaranteed $24,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The SBA loan documents did not indicate that the small business promised to use the money to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! Remember, you 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. We've showcased information on this loan to let you know that businesses like yours 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: Microlending as a Small Business Funding Source SBA 7A Banks in Wakefield, Rhode Island
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