Small Business Loans for Holding Companies

With these small business loans for holding companies, the SBA guarantees the lender that the loan will be repaid. This holding companies loan for $124,500 was given to a Rhode Island entrepreneur in 2002.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in East Greenwich, Rhode Island was able to borrow $124,500 from Bank Rhode Island. The SBA made the loan possible by guaranteeing $62,250 of this Rhode Island small business loan.

SBA Loan Borrower

COMPANY TYPE: HOLDING COMPANIES
EAST GREENWICH, RI 02818

SBA Loan Lender

BANK RHODE ISLAND
ONE TURKS HEAD PLACE
PROVIDENCE, RI 02903

The lender provided this commercial 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

551112 - Holding Companies

Loan Approval Date

5/15/2002

Loan Approval Gross Amount

$124,500

Loan Approval from the SBA

Of the total $124,500 loan amount, the SBA guaranteed $62,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 3 new jobs and retain 5 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

Many small businesses receive loans backed by the U.S. Small Business Administration.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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.

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Where to Get an SBA Loan Rhode Island