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May 16, 2024 |
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| Home > Small Business Lenders by State > Rhode Island Business Loan Sources > Narragansett, Business Loans > Washington Tr Co - Westerly Narragansett Business Loans > Fish And Seafoods Loan | ||||
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Rhode Island Small Business Loans from Washington Tr Co - Westerly
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SBA Loan from Washington Tr Co - Westerly Helps Fish And Seafoods CompanyWashington Tr Co - Westerly is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Rhode Island entrepreneur who tapped into the power of SBA loans. This small firm received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Washington Tr Co - Westerly, out of Narragansett, Rhode Island. The loan was granted and they received $500,000 to help grow their Wakefield, Rhode Island business. SBA Loan Borrower COMPANY TYPE: FISH AND SEAFOODS 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 small business loans to to our country's hard-working small business owners. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5146 - Fish and Seafoods NAICS Code 422450 - Confectionery Wholesalers Loan Approval Date 5/24/2002 Loan Approval Gross Amount $500,000 Loan Approval from the SBA Of the total $500,000 loan amount, the SBA guaranteed $450,000. 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 3 employees. This SBA loan request did not indicate that the company promised to use the money to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. 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 7A Lenders in Narragansett, Rhode Island
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