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November 21, 2024 |
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| Home > Small Business Lenders by State > Rhode Island Business Loan Sources > New York, Business Loans > Business Loan Center, LLC New York Business Loans > Paints, Varnishes, And Supplies Loan | ||||
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SBA 7A Banks for Lincoln Small Businesses
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Lincoln, Rhode Island Entrepreneur Gets a Small Business LoanBusiness loans in Rhode Island are tough to come by these days. We take a look at one Rhode Island business loan, provided by a New York bank, that was approved by the SBA. You can learn something about getting a small business loan in Lincoln, Rhode Island by studying this loan to a local business, made back in 2001. Banks like Business Loan Center, LLC may also be willing to lend to you, given that they granted this small business loan. SBA Loan Borrower COMPANY TYPE: PAINTS, VARNISHES, AND SUPPLIES SBA Loan Lender BUSINESS LOAN CENTER, LLC SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5198 - Paints, Varnishes, and Supplies NAICS Code 422950 - Paint, Varnish, and Supplies Wholesalers Loan Approval Date 9/26/2001 Loan Approval Gross Amount $530,000 Loan Approval from the SBA Of the total $530,000 loan amount, the SBA guaranteed $397,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 5 employees. This SBA loan request did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans provide smart, affordable business financing for small businesses looking to expand. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: Obtaining Funding - How to Decide How Much to Raise Where to Get an SBA Loan in New York, New York
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