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May 14, 2024 |
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| Home > Small Business Lenders by State > Rhode Island Business Loan Sources > Providence, Business Loans > Washington Tr Co - Westerly Providence Business Loans > Automotive Services Loan | ||||
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RI Business Loan from Washington Tr Co - Westerly
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Washington Tr Co - Westerly SBA Loan to Automotive Services CompanyWashington Tr Co - Westerly and the SBA work together to get business loans for growing small businesses. Here's an example of how a Rhode Island entrepreneur was able to get a loan to take a small business to the next level. Getting a small business loan in Wyoming, Rhode Island was an essential business goal for this company back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Washington Tr Co - Westerly, operating out of Providence, Rhode Island. Here are the details on this Rhode Island small business loan. SBA Loan Borrower COMPANY TYPE: AUTOMOTIVE SERVICES SBA Loan Lender WASHINGTON TR CO - WESTERLY The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide debt financing 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 7549 - Automotive Services NAICS Code 441310 - Automotive Parts and Accessories Stores Loan Approval Date 6/1/2001 Loan Approval Gross Amount $507,000 Loan Approval from the SBA Of the total $507,000 loan amount, the SBA guaranteed $380,250. 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 6 employees. The loan application did not indicate that the business planned to use the money to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! Many small businesses receive loans backed by the U.S. Small Business Administration. We've showcased information on this loan to let you know that businesses like yours 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: Best Banks for Small Business in Providence, Rhode Island
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