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May 3, 2024 |
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| Home > Small Business Lenders by State > Rhode Island Business Loan Sources > Pawtucket, Business Loans > Webster Bank Pawtucket Business Loans > Health And Allied Services Loan | ||||
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Rhode Island Bank SBA Loans
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Webster Bank SBA Loan to Health And Allied Services CompanyLooking to get a Rhode Island SBA loan? Here's one Rhode Island business loan that was approved by the SBA. This local small business knew how to go about getting a business bank loan. Based in Providence, Rhode Island, they applied for and were given an SBA-guaranteed loan in 2000. The lending bank was Webster Bank, based in Pawtucket, Rhode Island. SBA Loan Borrower COMPANY TYPE: HEALTH AND ALLIED SERVICES SBA Loan Lender WEBSTER BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 8099 - Health and Allied Services Loan Approval Date 3/20/2000 Loan Approval Gross Amount $40,000 Loan Approval from the SBA Of the total $40,000 loan amount, the SBA guaranteed $32,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. The SBA loan documents did not indicate that the company promised to use the loan proceeds to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: Small Bank Loans in Pawtucket, Rhode Island
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