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May 17, 2024 |
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| Home > Small Business Lenders by State > Rhode Island Business Loan Sources > Westerly, Business Loans > Washington Tr Co - Westerly Westerly Business Loans > Finfish Loan | ||||
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Advice for Small Businesses On Getting a Loan
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Commercial Loans for Finfish FishingWith these commercial loans for finfish fishing, the SBA guarantees the lender that the loan will be repaid. This finfish fishing loan for $290,000 was given to a Rhode Island entrepreneur in 2002. This business knew how to go about getting a business bank loan. Based in Wakefield, Rhode Island, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Washington Tr Co - Westerly, based in Westerly, Rhode Island. SBA Loan Borrower COMPANY TYPE: FINFISH SBA Loan Lender WASHINGTON TR CO - WESTERLY The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide business loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 0912 - Finfish NAICS Code 114111 - Finfish Fishing Loan Approval Date 9/30/2002 Loan Approval Gross Amount $290,000 Loan Approval from the SBA Of the total $290,000 loan amount, the SBA guaranteed $217,500. 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 4 employees. The SBA loan application for the borrower did not indicate that the company planned to use the funding to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business Every year, the SBA guarantees over $10 billion for loans just like this one. We can help you find the best banks for small businesses in Wakefield 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 Banks in Westerly, Rhode Island
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