Entrepreneur Works With Providence, Rhode Island Bank to Get an SBA Loan
Want to talk with a Providence, Rhode Island bank about a business loan? Here's one New Jersey business loan, issued by a Providence bank, that was approved by the SBA.
Applying for an SBA loan with Bank Of America worked out well for our friends at one local firm in Kenvil, New Jersey. They got an SBA loan for $26,500. Sweet!
SBA Loan Borrower
COMPANY TYPE: PERSONAL SERVICES
KENVIL, NJ 07847
SBA Loan Lender
BANK OF AMERICA
111 WESTMINSTER ST
PROVIDENCE, RI 02903
This small 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
812990 - Personal Services
Loan Approval Date
2/9/2005
Loan Approval Gross Amount
$26,500
Loan Approval from the SBA
Of the total $26,500 loan amount, the SBA guaranteed $13,250.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company
had 20 employees. The loan application indicated that the loan would help retain 20 existing jobs.
Start the Process for Getting an SBA Loan Today!
Although it's called an SBA loan, 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.
This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.
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
SBA Approved Banks in Providence, Rhode Island
Browse All Business Loan Sources for Rhode Island