Where to Get Capital for Florists
Looking for SBA loans for florists? Talk to a banker who works with the SBA. This $341,000 florists loan was issued by a Rhode Island bank.
This business knew how to go about getting a business bank loan. Based in Cheshire, Connecticut, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Rbs Citizens, based in Providence, Rhode Island.
SBA Loan Borrower
COMPANY TYPE: FLORISTS
CHESHIRE, CT 06410
SBA Loan Lender
RBS CITIZENS
ONE CITIZENS PLAZA
PROVIDENCE, RI 02903
This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
453110 - Florists
Loan Approval Date
9/20/2005
Loan Approval Gross Amount
$341,000
Loan Approval from the SBA
Of the total $341,000 loan amount, the SBA guaranteed $255,750.
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 8 employees. The loan application indicated that the loan would help retain 8 existing jobs.
Getting an SBA Loan For Your Business
SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.
Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Rbs Citizens and they will explain how you can get an SBA loan for your company.
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:
Determining Proper Capital Structure for a Business
Small Bank Loans in Providence, Rhode Island
Getting an SBA Loan in Rhode Island