Business Loans for Specialty Food Stores
Looking for business loans for specialty food stores? Try the SBA. This $135,000 specialty food stores loan was issued by a Rhode Island bank.
Getting a small business loan in Lincoln (br. P.O.), Rhode Island was important for this small business back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Bank Of America, operating out of Providence, Rhode Island. Here are the details on this Rhode Island small business loan.
SBA Loan Borrower
COMPANY TYPE: SPECIALTY FOOD STORES
LINCOLN (BR. P.O.), RI 02865
SBA Loan Lender
BANK OF AMERICA
111 WESTMINSTER ST
PROVIDENCE, RI 02903
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
445299 - Specialty Food Stores
Loan Approval Date
3/28/2001
Loan Approval Gross Amount
$135,000
Loan Approval from the SBA
Of the total $135,000 loan amount, the SBA guaranteed $67,500.
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 25 employees. The SBA loan documents indicated that the loan would help retain 25 existing jobs.
Next Steps for Getting an SBA Loan
If you want money for new small business in Lincoln (br. P.O.) RI, you ought to talk with a local Lincoln (br. P.O.) SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Lincoln (br. P.O.) businesses.
We can help you find the best banks for small businesses in Lincoln (br. P.O.) or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.
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.
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SBA Lenders in Rhode Island