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November 14, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Providence, Business Loans > Textron Business Credit, Inc. Providence Business Loans > Coin-Operated Laundries And Drycleaners Loan | ||||
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Banks in Providence, Rhode Island That Make SBA Loans
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Providence, Rhode Island Bank Lends Money to Coin-Operated Laundries And Drycleaners Company in Norcross, GeorgiaThinking about meeting with a Providence, Rhode Island bank about a business loan? Here's one Georgia business loan, issued by a Providence bank, that was approved by the SBA. Applying for an SBA loan with Textron Business Credit, Inc. worked out well for our friends at one local firm in Norcross, Georgia. They got an SBA loan for $255,000. Sweet! SBA Loan Borrower COMPANY TYPE: COIN-OPERATED LAUNDRIES AND DRYCLEANERS SBA Loan Lender TEXTRON BUSINESS CREDIT, INC. This loan was sent in by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a comprehensive analysis of the loan application and, in return, SBA promises a quick answer on whether the loan qualifies. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 812310 - Coin-Operated Laundries and Drycleaners Loan Approval Date 5/14/2001 Loan Approval Gross Amount $255,000 Loan Approval from the SBA Of the total $255,000 loan amount, the SBA guaranteed $191,250. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. This SBA loan request did not indicate that the business planned to use the money to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Textron Business Credit, Inc. so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: A Company That Helps Entrepreneurs SBA 7A Banks for Providence, Rhode Island Loans
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