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May 1, 2024 |
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| Home > Small Business Lenders by State > Rhode Island Business Loan Sources > Providence, Business Loans > Bank Rhode Island Providence Business Loans > Outpatient Mental Health And Substance Abuse Centers Loan | ||||
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Rhode Island SBA Lenders
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Providence, Rhode Island Bank Gives SBA Loan to Outpatient Mental Health And Substance Abuse Centers CompanyWant to talk with a Providence, Rhode Island bank about an SBA loan? Here's one Rhode Island business loan, issued by a Providence bank, that was approved by the SBA. Applying for an SBA loan with Bank Rhode Island worked out well for our friends at one local company in Warwick, Rhode Island. The business was able to get an SBA loan for $161,300. Way to go! SBA Loan Borrower COMPANY TYPE: OUTPATIENT MENTAL HEALTH AND SUBSTANCE ABUSE CENTERS SBA Loan Lender BANK RHODE ISLAND This loan for a small business was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours. 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 621420 - Outpatient Mental Health and Substance Abuse Centers Loan Approval Date 5/5/2004 Loan Approval Gross Amount $161,300 Loan Approval from the SBA Of the total $161,300 loan amount, the SBA guaranteed $80,650. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The SBA loan application for the borrower did not indicate that the small business promised to use the loan proceeds to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? If you are wondering how to raise money for a company in Warwick RI, you ought to talk with a local Warwick SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Warwick businesses. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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 Providence, Rhode Island
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