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November 15, 2024 |
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| Home > Small Business Lenders by State > Rhode Island Business Loan Sources > Providence, Business Loans > Washington Tr Co - Westerly Providence Business Loans > Children's And Infants' Wear Stores Loan | ||||
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Washington Tr Co - Westerly
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Coventry, Rhode Island Business Gets SBA-Guaranteed Funding from Washington Tr Co - WesterlyAn SBA loan from Washington Tr Co - Westerly typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Coventry, Rhode Island business owner got a $210,000 loan. This growing company received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Washington Tr Co - Westerly, out of Providence, Rhode Island. The loan was granted and they received $210,000 to help grow their Coventry, Rhode Island business. SBA Loan Borrower COMPANY TYPE: CHILDREN'S AND INFANTS' WEAR STORES SBA Loan Lender WASHINGTON TR CO - WESTERLY This SBA business loan was provided by a small business banker with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loan guaranty requests to the SBA get more expeditious service from the SBA on their loan applications. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5641 - Children's and Infants' Wear Stores NAICS Code 448130 - Children's and Infants' Clothing Stores Loan Approval Date 1/28/2000 Loan Approval Gross Amount $210,000 Loan Approval from the SBA Of the total $210,000 loan amount, the SBA guaranteed $157,500. 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 30 employees. This SBA loan request did not indicate that the small business planned to use the money to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Washington Tr Co - Westerly and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: Best Banks in Providence, Rhode Island
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