Small Business Loans for Radio, Television, and Electronics Stores

Looking for small business loans for radio, television, and electronics stores? Talk to a banker who works with the SBA. This $374,000 radio, television, and electronics stores loan was issued by a Rhode Island bank.

This company knew how to go about getting a business bank loan. Based in Staten Island (borough Of New, New York, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Bank Of America, based in Providence, Rhode Island.

SBA Loan Borrower

COMPANY TYPE: RADIO, TELEVISION, AND ELECTRONICS STORES
STATEN ISLAND (BOROUGH OF NEW, NY 10312

SBA Loan Lender

BANK OF AMERICA
111 WESTMINSTER ST
PROVIDENCE, RI 02903

This lender provides SBA business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

443112 - Radio, Television, and Electronics Stores

Loan Approval Date

4/2/2003

Loan Approval Gross Amount

$374,000

Loan Approval from the SBA

Of the total $374,000 loan amount, the SBA guaranteed $280,500.

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 7 employees. The SBA loan documents indicated that the loan would help retain 7 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

If you need money to start business in Staten Island (borough Of New NY, you ought to talk with a local Staten Island (borough Of New SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Staten Island (borough Of New businesses.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Bank Of America are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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.

Related Links:

Financing Your Business

Small Bank Loans in Providence, Rhode Island

SBA Lenders in Rhode Island