Mystic, Connecticut Business Gets SBA-Guaranteed Funding from Rbs Citizens
An SBA loan from Rbs Citizens typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Mystic, Connecticut business owner got a $441,000 loan.
This business knew how to go about getting a business bank loan. Based in Mystic, Connecticut, they applied for and received an SBA-guaranteed loan in 2006. The lending bank was Rbs Citizens, based in Warwick, Rhode Island.
SBA Loan Borrower
COMPANY TYPE: HEALTH PRACTITIONERS
MYSTIC, CT 06355
SBA Loan Lender
RBS CITIZENS
800 POST RD
WARWICK, RI 02888
This bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
621399 - Health Practitioners
Loan Approval Date
4/28/2006
Loan Approval Gross Amount
$441,000
Loan Approval from the SBA
Of the total $441,000 loan amount, the SBA guaranteed $330,750.
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. This SBA loan request did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees.
Next Steps for Getting an SBA Loan
Every year, the SBA guarantees over $10 billion for loans just like this one.
We can help you find the best banks for small businesses in Mystic 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 7A Banks for Warwick, Rhode Island Loans
Rhode Island SBA 7A Banks