Providence, Rhode Island Lender Lends Money to Children's And Infants' Clothing Stores Company
Thinking about meeting with a Providence, Rhode Island bank about a business loan? Here's one Ohio business loan, issued by a Providence bank, that was approved by the SBA.
Applying for an SBA loan with Rbs Citizens worked out well for our friends at one local firm in Niles, Ohio. The business was able to get an SBA loan for $20,000. Nice!
SBA Loan Borrower
COMPANY TYPE: CHILDREN'S AND INFANTS' CLOTHING STORES
NILES, OH 44446
SBA Loan Lender
RBS CITIZENS
ONE CITIZENS PLAZA
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
448130 - Children's and Infants' Clothing Stores
Loan Approval Date
1/21/2005
Loan Approval Gross Amount
$20,000
Loan Approval from the SBA
Of the total $20,000 loan amount, the SBA guaranteed $10,000.
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 only one employee. The SBA loan documents indicated that the loan would help retain 1 existing job.
Start the Process for Getting an SBA Loan Today!
If you are wondering how to raise money for a company in Niles OH, you ought to talk with a local Niles SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Niles businesses.
We can help you find the best banks for small businesses in Niles 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.
Related Links:
Financing Your Business
Small Business Banks in Providence, Rhode Island
Rhode Island SBA 7A Banks