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May 2, 2024 |
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| Home > Small Business Lenders by State > Rhode Island Business Loan Sources > Wyomissing, Business Loans > Sovereign Bank Wyomissing Business Loans > Convenience Stores Loan | ||||
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Wyomissing SBA Lenders
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Wyomissing, Pennsylvania Bank Gives SBA Loan to Convenience Stores CompanyThinking about meeting with a Wyomissing, Pennsylvania bank about an SBA loan? Here's one Rhode Island business loan, issued by a Wyomissing bank, that was approved by the SBA. Applying for an SBA loan with Sovereign Bank worked out well for our friends at one local firm in Providence, Rhode Island. The business was able to get an SBA loan for $25,000. Awesome! SBA Loan Borrower COMPANY TYPE: CONVENIENCE STORES SBA Loan Lender SOVEREIGN BANK This lender processed this commercial loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. 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 445120 - Convenience Stores Loan Approval Date 11/4/2004 Loan Approval Gross Amount $25,000 Loan Approval from the SBA Of the total $25,000 loan amount, the SBA guaranteed $12,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 1 new job and retain 2 existing jobs. Next Steps for Getting an SBA Loan Many small businesses receive loans backed by the U.S. Small Business Administration. We can help you find the best banks for small businesses in Providence or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: SBA Participating Banks in Wyomissing, Pennsylvania
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