Loan Census Banking News and Information
November 15, 2024  
 
 
  Business Loan Information  
 

Tips for Small Business Owners On Getting a Loan

 

 
Loan Census SBA Loan Info

Tile and Terrazzo Contractors Commercial Loans

With these commercial loans for tile and terrazzo contractors, the SBA guarantees the lender that the loan will be repaid. This tile and terrazzo contractors loan for $6,000 was given to a Massachusetts entrepreneur in 2003.

This business received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Bank Of America, out of Providence, Rhode Island. The loan was granted and they received $6,000 to help grow their Arlington, Massachusetts business.

SBA Loan Borrower

COMPANY TYPE: TILE AND TERRAZZO CONTRACTORS
ARLINGTON, MA 02476

SBA Loan Lender

BANK OF AMERICA
111 WESTMINSTER ST
PROVIDENCE, RI 02903

This SBA loan 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

238340 - Tile and Terrazzo Contractors

Loan Approval Date

4/11/2003

Loan Approval Gross Amount

$6,000

Loan Approval from the SBA

Of the total $6,000 loan amount, the SBA guaranteed $3,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 loan application indicated that the loan would help retain 1 existing job.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

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:

Obtaining Funding - Getting Venture Capital

Good Banks for Small Business in Providence, Rhode Island

Where to Get an SBA Loan Rhode Island