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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 > Refuse Systems Loan | ||||
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How to Get SBA Money in Providence, Rhode Island
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Rhode Island Bank Loan Issued to Refuse Systems CompanyBusiness loans in Rhode Island are are few and far betweeen these days. We take a look at one Rhode Island business loan, provided by a Pennsylvania bank, that was approved by the SBA. Getting a small business loan in Providence, Rhode Island was a top priority for this SBA-financed company back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Sovereign Bank. Here are the details on this Rhode Island small business loan. SBA Loan Borrower COMPANY TYPE: REFUSE SYSTEMS SBA Loan Lender SOVEREIGN BANK The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide debt financing to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 4953 - Refuse Systems NAICS Code 562111 - Solid Waste Collection Loan Approval Date 12/3/2002 Loan Approval Gross Amount $300,000 Loan Approval from the SBA Of the total $300,000 loan amount, the SBA guaranteed $225,000. 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 51 employees. This SBA loan request did not indicate that the business planned to use the money to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $300,000 loan. Remember, things become real when you believe you can achieve them! 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: Find an SBA Lender in Wyomissing, Pennsylvania
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