Rbs Citizens Gives Small Business Loan to Hardware Wholesalers Company

MassachusettsSmall business loans are available to Massachusetts small business owners through the SBA. In this case, a Rhode Island bank provides the loan.

By giving the right information to Rbs Citizens, this Boston College, Massachusetts business was able to get an SBA loan. To get this loan, the loan applicant gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back.

SBA Loan Borrower

COMPANY TYPE: HARDWARE WHOLESALERS
BOSTON COLLEGE, MA 02118

SBA Loan Lender

RBS CITIZENS
ONE CITIZENS PLAZA
PROVIDENCE, RI 02903

This lender provides SBA loan for small businesses as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

421710 - Hardware Wholesalers

Loan Approval Date

9/5/2001

Loan Approval Gross Amount

$398,300

Loan Approval from the SBA

Of the total $398,300 loan amount, the SBA guaranteed $298,725.

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 13 employees. The loan application indicated that the loan would help retain 13 existing jobs.

Next Steps for Getting an SBA Loan

If you have been wondering how do i get money to start a business in Boston College MA, you ought to talk with a local Boston College SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Boston College 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:

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Getting an SBA Loan in Rhode Island