Growing Company Gets a Rhode Island SBA Loan
Want a Rhode Island bank loan? This Rhode Island entrepreneur got a bank loan, provided by a Rhode Island bank that works with the SBA to help small business owners.
This company, based in Cumberland, Rhode Island, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Rbs Citizens. We've got the inside scoop on this Rhode Island small business loan.
SBA Loan Borrower
COMPANY TYPE: LANDSCAPING SERVICES
CUMBERLAND, RI 02864
SBA Loan Lender
RBS CITIZENS
ONE CITIZENS PLAZA
PROVIDENCE, RI 02903
The lender provided this SBA loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.
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
561730 - Landscaping Services
Loan Approval Date
2/2/2007
Loan Approval Gross Amount
$4,000
Loan Approval from the SBA
Of the total $4,000 loan amount, the SBA guaranteed $2,000.
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 only one employee. This SBA loan request indicated that the loan would help retain 1 existing job.
Next Steps for Getting an SBA Loan
If you have been wondering how do i get money to start a business in Cumberland RI, you ought to talk with a local Cumberland SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Cumberland businesses.
This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.
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:
Business Cash Advances
Good Banks for Small Business in Providence, Rhode Island
Getting an SBA Loan in Rhode Island