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November 15, 2024 |
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| Home > Small Business Lenders by State > Rhode Island Business Loan Sources > Fall River, Business Loans > Bank - Fall River A Co-Operati Fall River Business Loans > Hardware Loan | ||||
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We Needed an SBA 7A Loan in Glendale, Rhode Island and We Got One!
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Hardware Wholesalers Commercial LoansWith these commercial loans for hardware wholesalers, the SBA guarantees the lender that the loan will be repaid. This hardware wholesalers loan for $40,000 was given to a Rhode Island entrepreneur in 2002. This business knew how to go about getting a business bank loan. Based in Glendale, Rhode Island, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Bank - Fall River A Co-Operati, based in Fall River, Massachusetts. SBA Loan Borrower COMPANY TYPE: HARDWARE SBA Loan Lender BANK - FALL RIVER A CO-OPERATI SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This debt financing was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5072 - Hardware NAICS Code 421710 - Hardware Wholesalers Loan Approval Date 3/25/2002 Loan Approval Gross Amount $40,000 Loan Approval from the SBA Of the total $40,000 loan amount, the SBA guaranteed $34,000. 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 only one employee. The SBA loan documents did not indicate that the small business planned to use the funding to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. We can help you find the best banks for small businesses in Glendale or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Accountant's Role in Securing Financing Best Banks for Small Business in Fall River, Massachusetts Find an SBA Lender in Massachusetts
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