Johnston (town Of), Rhode Island Entrepreneur Gets a Bank Loan
Rhode IslandSBA loans are available to Rhode Island entrepreneurs through the SBA. In this case, a Rhode Island bank provides the loan.
You can learn something about getting a small business loan in Johnston (town Of), Rhode Island by studying this loan to a local business, made back in 2006. Banks like Coastway Cu may also be willing to lend to you, given that they granted this small business loan.
SBA Loan Borrower
COMPANY TYPE: GENERAL LONG-DISTANCE FREIGHT TRUCKING
JOHNSTON (TOWN OF), RI 02919
SBA Loan Lender
COASTWAY CU
25 LOVELL AVE
CRANSTON, RI 02920
This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.
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
484121 - General Long-Distance Freight Trucking
Loan Approval Date
6/2/2006
Loan Approval Gross Amount
$32,000
Loan Approval from the SBA
Of the total $32,000 loan amount, the SBA guaranteed $16,000.
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 only one employee. This SBA loan request indicated that the loan would help retain 1 existing job.
Getting an SBA Loan For Your Business
Every year, the SBA guarantees over $10 billion for loans just like this one.
If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Coastway Cu 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:
Angel Investors
Where to Get an SBA Loan in Cranston, Rhode Island
Rhode Island SBA Banks