 |
 |
December 23, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > Connecticut Business Loan Sources > Providence, Business Loans > Bank Of America Providence Business Loans > Machine Shops Loan | ||||
 |
||||
SBA 7A Banks That Lend to Connecticut Small Businesses
|
||||
 |
Bank Of America Gives Bank Loan to Machine Shops CompanyLooking to get a Connecticut business loan? This Connecticut entrepreneur got a business loan, provided by a Rhode Island bank that works with the SBA to help small business owners. You can learn something about getting a small business loan in Lebanon, Connecticut by studying this loan to a local business, made back in 2001. Banks like Bank Of America may also be willing to lend to you, given that they granted this small business loan. SBA Loan Borrower COMPANY TYPE: MACHINE SHOPS SBA Loan Lender BANK OF AMERICA 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 332710 - Machine Shops Loan Approval Date 5/18/2001 Loan Approval Gross Amount $36,100 Loan Approval from the SBA Of the total $36,100 loan amount, the SBA guaranteed $18,050. 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 2 employees. The loan application indicated that the loan would help retain 2 existing jobs. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $36,100 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Best Providence, Rhode Island Banks for Small Business Browse All Business Loan Sources for Rhode Island
|
|
||
|
||||
|
|
||||