Providence, Rhode Island Bank Gives SBA Loan to Special Trade Contractors Company
A Providence, Rhode Island business loan can be yours. Learn how a business got a $150,000 business loan from this Rhode Island bank.
This loan to an entrepreneur is a good example of an SBA loan. Bank Of America made the loan and the SBA guaranteed a portion of the loan. Many other New York entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take.
SBA Loan Borrower
COMPANY TYPE: SPECIAL TRADE CONTRACTORS
EAST NORTHPORT (NORTHPORT (STA, NY 11731
SBA Loan Lender
BANK OF AMERICA
111 WESTMINSTER ST
PROVIDENCE, RI 02903
The lender provided this 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.
SIC Code
1799 - Special Trade Contractors
Loan Approval Date
8/10/2000
Loan Approval Gross Amount
$150,000
Loan Approval from the SBA
Of the total $150,000 loan amount, the SBA guaranteed $75,000.
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 3 employees. The loan application indicated that the loan would help generate 15 new jobs and retain 3 existing jobs.
Start the Process for Getting an SBA Loan Today!
If you want money for new small business in East Northport (northport (sta NY, you ought to talk with a local East Northport (northport (sta SBA lender or talk with an out-of-area SBA lender that has previously loaned money to East Northport (northport (sta businesses.
Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $150,000 loan. Remember, where there is a will, there is a way!
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:
Borrowing Money from Friends and Family
Good Banks for Small Business in Providence, Rhode Island
Rhode Island SBA 7A Banks