East Greenwich, Rhode Island Bank Lends Money to Plastics Products Company in North Kingstown (local Name Wi, Rhode Island
Thinking about meeting with an East Greenwich, Rhode Island bank about a small business loan? Here's one Rhode Island business loan, issued by an East Greenwich bank, that was approved by the SBA.
Applying for an SBA loan with Independence Bank worked out well for our friends at one local company in North Kingstown (local Name Wi, Rhode Island. They got an SBA loan for $50,000. Way to go!
SBA Loan Borrower
COMPANY TYPE: PLASTICS PRODUCTS
NORTH KINGSTOWN (LOCAL NAME WI, RI 02852
SBA Loan Lender
INDEPENDENCE BANK
1370 S COUNTY TRL
EAST GREENWICH, RI 02818
Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
3089 - Plastics Products
NAICS Code
326199 - Plastics Product Manufacturing
Loan Approval Date
7/7/2000
Loan Approval Gross Amount
$50,000
Loan Approval from the SBA
Of the total $50,000 loan amount, the SBA guaranteed $40,000.
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 5 employees. The SBA loan application for the borrower indicated that the loan would help generate 4 new jobs and retain 5 existing jobs.
Start the Process for Getting an SBA Loan Today!
For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.
This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer 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.
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