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April 30, 2024 |
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| Home > Small Business Lenders by State > Rhode Island Business Loan Sources > Fall River, Business Loans > Bankfive Fall River Business Loans > Pet Care Services Loan | ||||
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Getting Commercial Loans in Tiverton, Rhode Island
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Tiverton, Rhode Island Entrepreneur Gets a Bank LoanRhode IslandSBA loans are available to Rhode Island entrepreneurs through the SBA. In this case, a Massachusetts bank provides the loan. You can learn something about getting a small business loan in Tiverton, Rhode Island by studying this loan to a local business, made back in 2005. Banks like Bankfive may also be willing to lend to you, given that they granted this small business loan. SBA Loan Borrower COMPANY TYPE: PET CARE SERVICES SBA Loan Lender BANKFIVE The lender provided this bank loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. 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 812910 - Pet Care Services Loan Approval Date 3/18/2005 Loan Approval Gross Amount $95,000 Loan Approval from the SBA Of the total $95,000 loan amount, the SBA guaranteed $47,500. 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 only one employee. This SBA loan request indicated that the loan would help generate 1 new job and retain 2 existing jobs. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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 Business Banks in Fall River, Massachusetts Getting a Business Loan in Massachusetts
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