Borrowing Money for Jewelry Stores

With these loans for jewelry stores, the SBA guarantees the lender that the loan will be repaid. This jewelry stores loan for $5,000 was given to a Connecticut entrepreneur in 2002.

This small firm knew how to go about getting a business bank loan. Based in Mystic, Connecticut, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Rbs Citizens, based in Norwood, Massachusetts.

SBA Loan Borrower

COMPANY TYPE: JEWELRY STORES
MYSTIC, CT 06355

SBA Loan Lender

RBS CITIZENS
725 CANTON ST
NORWOOD, MA 02062

This loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

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

448310 - Jewelry Stores

Loan Approval Date

9/30/2002

Loan Approval Gross Amount

$5,000

Loan Approval from the SBA

Of the total $5,000 loan amount, the SBA guaranteed $2,500.

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 4 employees. The SBA loan application for the borrower indicated that the loan would help retain 4 existing jobs.

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For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

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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:

Small Business Credit Cards

Small Business Banks in Norwood, Massachusetts

Massachusetts SBA Banks