Coastway Cu SBA Loan to No Industry Type Specified Company
Want a Rhode Island business loan? Here's one Rhode Island business loan that was approved by the SBA.
This small business received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Coastway Cu, out of Cranston, Rhode Island. The loan was granted and they received $38,000 to help grow their Warwick (rr Name Apponaug), Rhode Island business.
SBA Loan Borrower
COMPANY TYPE: NO INDUSTRY TYPE SPECIFIED
WARWICK (RR NAME APPONAUG), RI 02889
SBA Loan Lender
COASTWAY CU
25 LOVELL AVE
CRANSTON, RI 02920
This lender processed this loan for a small business under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.
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
421320 -
Loan Approval Date
3/28/2001
Loan Approval Gross Amount
$38,000
Loan Approval from the SBA
Of the total $38,000 loan amount, the SBA guaranteed $19,000.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company
had 4 employees. The loan application indicated that the loan would help retain 4 existing jobs.
Great, But How Can I Get an SBA Loan for My Business?
SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.
If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Coastway Cu so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.
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:
Raising Venture Capital
Good Banks for Small Business in Cranston, Rhode Island
SBA Participating Banks in Rhode Island