Loan Census Banking News and Information
December 26, 2024  
 
 
  Business Loan Information  
 

How Hard Is It to Get a Small Business Loan in Cranston, Rhode Island?

 

 
Loan Census SBA Loan Info

How to Get a Loan for Dentists

Looking for SBA loans for dentists? Try the SBA. This $20,000 dentists loan was issued by a Massachusetts bank.

This business received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Webster Bank, out of New Bedford, Massachusetts. The loan was granted and they received $20,000 to help grow their Cranston, Rhode Island business.

SBA Loan Borrower

COMPANY TYPE: DENTISTS
CRANSTON, RI 02910

SBA Loan Lender

WEBSTER BANK
545 PLEASANT ST
NEW BEDFORD, MA 02740

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

621210 - Dentists

Loan Approval Date

9/26/2003

Loan Approval Gross Amount

$20,000

Loan Approval from the SBA

Of the total $20,000 loan amount, the SBA guaranteed $10,000.

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 9 employees. The SBA loan application for the borrower did not indicate that the company promised to use the loan proceeds to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans provide smart, affordable business financing for small businesses looking to expand.

We can help you find the best banks for small businesses in Cranston or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

The Art of Bootstrapping

Good Banks for Small Business in New Bedford, Massachusetts

Getting an SBA Loan in Massachusetts