Loan Census Banking News and Information
December 25, 2024  
 
 
  Business Loan Information  
 

We Needed an SBA 7A Loan in Hampton (census Name For Hampt, New Hampshire and We Got One!

 

 
Loan Census SBA Loan Info

Small Business Loans for Jewelry Stores

With these small business loans for jewelry stores, the SBA guarantees the lender that the loan will be repaid. This jewelry stores loan for $30,000 was given to a New Hampshire entrepreneur in 2001.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Hampton (census Name For Hampt, New Hampshire was able to borrow $30,000 from Rbs Citizens. The SBA made the loan possible by guaranteeing $15,000 of this New Hampshire small business loan.

SBA Loan Borrower

COMPANY TYPE: JEWELRY STORES
HAMPTON (CENSUS NAME FOR HAMPT, NH 03842

SBA Loan Lender

RBS CITIZENS
ONE CITIZENS PLAZA
PROVIDENCE, RI 02903

This lender processed this SBA 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

448310 - Jewelry Stores

Loan Approval Date

3/27/2001

Loan Approval Gross Amount

$30,000

Loan Approval from the SBA

Of the total $30,000 loan amount, the SBA guaranteed $15,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. This SBA loan request indicated that the loan would help retain 3 existing jobs.

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

Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Rbs Citizens and they will explain how you can get an SBA loan for your company.

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:

How Equity Dilution Works

Best Providence, Rhode Island Banks for Small Business

Rhode Island SBA 7A Lenders