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November 24, 2024 |
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| Home > Small Business Lenders by State > Massachusetts Business Loan Sources > Providence, Business Loans > Rbs Citizens Providence Business Loans > Printing Machinery And Equipment Manufacturing Loan | ||||
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Business Loans for Kingston (census Name For King Small Businesses
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Printing Machinery and Equipment Manufacturing Commercial LoansWith these commercial loans for printing machinery and equipment manufacturing, the SBA guarantees the lender that the loan will be repaid. This printing machinery and equipment manufacturing loan for $30,000 was given to a Massachusetts entrepreneur in 2003. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Kingston (census Name For King, Massachusetts was able to borrow $30,000 from Rbs Citizens. The SBA made the loan possible by guaranteeing $15,000 of this Massachusetts small business loan. SBA Loan Borrower COMPANY TYPE: PRINTING MACHINERY AND EQUIPMENT MANUFACTURING SBA Loan Lender RBS CITIZENS This lender processed this small business 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 333293 - Printing Machinery and Equipment Manufacturing Loan Approval Date 12/29/2003 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. This loan was not for a franchise. At the time of the loan, the company had 12 employees. The SBA loan application for the borrower indicated that the loan would help retain 12 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Rbs Citizens had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Rbs Citizens made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Determining Proper Capital Structure for a Business Best Banks for Small Business in Providence, Rhode Island
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