Cranston, Rhode Island Bank Lends Money to Lawn And Garden Services Company in Burrillville, Rhode Island

Want to talk with a Cranston, Rhode Island bank about a business loan? Here's one Rhode Island business loan, issued by a Cranston bank, that was approved by the SBA.

Applying for an SBA loan with Coastway Cu worked out well for our friends at one local company in Burrillville, Rhode Island. They got an SBA loan for $425,000. Nice!

SBA Loan Borrower

COMPANY TYPE: LAWN AND GARDEN SERVICES
BURRILLVILLE, RI 02830

SBA Loan Lender

COASTWAY CU
25 LOVELL AVE
CRANSTON, RI 02920

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

0782 - Lawn and Garden Services

NAICS Code

561730 - Landscaping Services

Loan Approval Date

5/10/2005

Loan Approval Gross Amount

$425,000

Loan Approval from the SBA

Of the total $425,000 loan amount, the SBA guaranteed $318,750.

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 10 employees. The SBA loan application for the borrower did not indicate that the business promised to use the money to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you are raising money in Burrillville RI, you ought to talk with a local Burrillville SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Burrillville businesses.

This SBA loan was for $425,000. How would you spend $425,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Bank Credit Lines

SBA Banks in Cranston, Rhode Island

Rhode Island SBA 7A Lenders