Loans for Performing Arts, Sports, and Similar Events Promotion
With these loans for performing arts, sports, and similar events promotion, the SBA guarantees the lender that the loan will be repaid. This performing arts, sports, and similar events promotion loan for $15,000 was given to a Rhode Island entrepreneur in 2007.
Getting a small business loan in Cumberland, Rhode Island was important for this company back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Bank Rhode Island, operating out of Providence, Rhode Island. Here are the details on this Rhode Island small business loan.
SBA Loan Borrower
COMPANY TYPE: PERFORMING ARTS, SPORTS, AND SIMILAR EVENTS PROMOTION
CUMBERLAND, RI 02864
SBA Loan Lender
BANK RHODE ISLAND
ONE TURKS HEAD PLACE
PROVIDENCE, RI 02903
This lender processed this small business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.
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
711320 - Performing Arts, Sports, and Similar Events Promotion
Loan Approval Date
11/26/2007
Loan Approval Gross Amount
$15,000
Loan Approval from the SBA
Of the total $15,000 loan amount, the SBA guaranteed $7,500.
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 funding would help generate 1 new job.
Start the Process for Getting an SBA Loan Today!
If you are wondering how to find money to start a business or already have a business and need money to expand, an SBA loan can be a great source of funding.
If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Bank Rhode Island so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.
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:
Family and Friend Investors - Your First Financiers
SBA Approved Banks in Providence, Rhode Island
SBA Rhode Island Lenders