Get an SBA Loan for Yarn Texturizing, Throwing, and Twisting Mills

With these bank loans for yarn texturizing, throwing, and twisting mills, the SBA guarantees the lender that the loan will be repaid. This yarn texturizing, throwing, and twisting mills loan for $300,000 was given to a Rhode Island entrepreneur in 2004.

This small firm received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Commerce Bank & Trust Company, out of Worcester, Massachusetts. The loan was granted and they received $300,000 to help grow their Central Falls, Rhode Island business.

SBA Loan Borrower

COMPANY TYPE: YARN TEXTURIZING, THROWING, TWISTING, AND WINDING
CENTRAL FALLS, RI 02863

SBA Loan Lender

COMMERCE BANK & TRUST COMPANY
386 MAIN ST
WORCESTER, MA 01608

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

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2282 - Yarn Texturizing, Throwing, Twisting, and Winding

NAICS Code

313112 - Yarn Texturizing, Throwing, and Twisting Mills

Loan Approval Date

12/22/2004

Loan Approval Gross Amount

$300,000

Loan Approval from the SBA

Of the total $300,000 loan amount, the SBA guaranteed $225,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 25 employees. The loan application did not indicate that the SBA funding recipient promised to use the loan proceeds to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

Every year, the SBA guarantees over $10 billion for loans just like this one.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Commerce Bank & Trust Company are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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.

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