Entrepreneur Works With Providence, Rhode Island Bank to Get an SBA Loan
Thinking about meeting with a Providence, Rhode Island bank about an SBA loan? Here's one Massachusetts business loan, issued by a Providence bank, that was approved by the SBA.
Applying for an SBA loan with Rbs Citizens worked out well for our friends at one local company in Hyannis, Massachusetts. The business was able to get an SBA loan for $50,000. Sweet!
SBA Loan Borrower
COMPANY TYPE: GASOLINE STATIONS
HYANNIS, MA 02601
SBA Loan Lender
RBS CITIZENS
ONE CITIZENS PLAZA
PROVIDENCE, RI 02903
This business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.
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
447190 - Gasoline Stations
Loan Approval Date
3/14/2006
Loan Approval Gross Amount
$50,000
Loan Approval from the SBA
Of the total $50,000 loan amount, the SBA guaranteed $25,000.
More Information on This SBA Loan
The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had only one employee. This SBA loan request indicated that the loan would help retain 1 existing job.
Getting an SBA Loan For Your Business
Many small businesses receive loans backed by the U.S. Small Business Administration.
If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Rbs Citizens 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:
Accountant's Role in Securing Financing
SBA Approved Banks in Providence, Rhode Island
Rhode Island SBA Banks