Loan Census Banking News and Information
December 22, 2024  
 
 
  Business Loan Information  
 

Rbs Citizens Business Loans

 

 
Loan Census SBA Loan Info

Financing for Sign Manufacturing

Looking for commercial loans for sign manufacturing? Talk to a banker who works with the SBA. This $500,000 sign manufacturing loan was issued by a Rhode Island bank.

This small business received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Rbs Citizens, out of Providence, Rhode Island. The loan was granted and they received $500,000 to help grow their Cranston, Rhode Island business.

SBA Loan Borrower

COMPANY TYPE: SIGNS AND ADVERTISING SPECIALTIES
CRANSTON, RI 02910

SBA Loan Lender

RBS CITIZENS
ONE CITIZENS PLZ
PROVIDENCE, RI 02903

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

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3993 - Signs and Advertising Specialties

NAICS Code

339950 - Sign Manufacturing

Loan Approval Date

2/11/2000

Loan Approval Gross Amount

$500,000

Loan Approval from the SBA

Of the total $500,000 loan amount, the SBA guaranteed $375,000.

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 60 employees. The SBA loan application for the borrower did not indicate that the small business 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.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Rbs Citizens 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.

Related Links:

The Art of Bootstrapping

SBA Approved Banks in Providence, Rhode Island

SBA Participating Banks in Rhode Island