Bank Loans for Finfish Fishing

With these bank loans for finfish fishing, the SBA guarantees the lender that the loan will be repaid. This finfish fishing loan for $152,000 was given to a Rhode Island entrepreneur in 2000.

This small firm knew how to go about getting a business bank loan. Based in Charlestown, Rhode Island, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was Washington Tr Co - Westerly, based in Narragansett, Rhode Island.

SBA Loan Borrower

COMPANY TYPE: FINFISH
CHARLESTOWN, RI 02813

SBA Loan Lender

WASHINGTON TR CO - WESTERLY
20 POINT JUDITH RD
NARRAGANSETT, RI 02882

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

0912 - Finfish

NAICS Code

114111 - Finfish Fishing

Loan Approval Date

7/20/2000

Loan Approval Gross Amount

$152,000

Loan Approval from the SBA

Of the total $152,000 loan amount, the SBA guaranteed $114,000.

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 4 employees. The loan application did not indicate that the company planned to use the funding to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer 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.

Related Links:

Small Business Credit Cards

SBA Banks in Narragansett, Rhode Island

Getting a Business Loan in Rhode Island