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| Home > Small Business Lenders by State > Rhode Island Business Loan Sources > Providence, Business Loans > Sovereign Bank New England A Div Providence Business Loans > Glass Products, Made Of Purchased Glass Loan | ||||
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Examples of Pawtucket SBA Loans
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Small Business Loans for Metal Window and Door ManufacturingLooking for small business loans for metal window and door manufacturing? Talk to a banker who works with the SBA. This $700,000 metal window and door manufacturing loan was issued by a Rhode Island bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Pawtucket, Rhode Island was able to borrow $700,000 from Sovereign Bank New England A Div. The SBA made the loan possible by guaranteeing $525,000 of this Rhode Island small business loan. SBA Loan Borrower COMPANY TYPE: GLASS PRODUCTS, MADE OF PURCHASED GLASS SBA Loan Lender SOVEREIGN BANK NEW ENGLAND A DIV This 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 3231 - Glass Products, Made of Purchased Glass NAICS Code 332321 - Metal Window and Door Manufacturing Loan Approval Date 3/30/2001 Loan Approval Gross Amount $700,000 Loan Approval from the SBA Of the total $700,000 loan amount, the SBA guaranteed $525,000. 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 45 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. Getting an SBA Loan For Your Business Many small businesses receive loans backed by the U.S. Small Business Administration. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Sovereign Bank New England A Div that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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 VC Money for Social Networking Companies Best Banks for Small Business in Providence, Rhode Island Find an SBA Lender in Rhode Island
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