Raising Money for Quick Printing

With these business loans for quick printing, the SBA guarantees the lender that the loan will be repaid. This quick printing loan for $917,000 was given to a Rhode Island entrepreneur in 2003.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Barrington, Rhode Island was able to borrow $917,000 from Coastway Cu. The SBA made the loan possible by guaranteeing $687,750 of this Rhode Island small business loan.

SBA Loan Borrower

COMPANY TYPE: COMMERCIAL PRINTING
BARRINGTON, RI 02806

SBA Loan Lender

COASTWAY CU
2089 WARWICK AVE
WARWICK, RI 02889

This SBA loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2759 - Commercial Printing

NAICS Code

323114 - Quick Printing

Loan Approval Date

7/15/2003

Loan Approval Gross Amount

$917,000

Loan Approval from the SBA

Of the total $917,000 loan amount, the SBA guaranteed $687,750.

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 13 employees. The SBA loan documents did not indicate that the business planned to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans provide money to small business owners for working capital for other expenses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Coastway Cu had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Coastway Cu made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Realistic Debt Financing Options

SBA Participating Banks in Warwick, Rhode Island

Rhode Island SBA Banks