Residential and Commercial Automatic Environmental Control Manufacturing Loans

Looking for loans for residential and commercial automatic environmental control manufacturing? An SBA loan may be just what you've been looking for. This $317,000 residential and commercial automatic environmental control manufacturing loan was issued by a Rhode Island bank.

This small firm received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with Rbs Citizens, out of Providence, Rhode Island. The loan was granted and they received $317,000 to help grow their Norristown, Pennsylvania business.

SBA Loan Borrower

COMPANY TYPE: RESIDENTIAL AND COMMERCIAL AUTOMATIC ENVIRONMENTAL CONTROL MANUFACTURING
NORRISTOWN, PA 19403

SBA Loan Lender

RBS CITIZENS
ONE CITIZENS PLAZA
PROVIDENCE, RI 02903

This lender processed this bank loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

334512 - Residential and Commercial Automatic Environmental Control Manufacturing

Loan Approval Date

6/25/2007

Loan Approval Gross Amount

$317,000

Loan Approval from the SBA

Of the total $317,000 loan amount, the SBA guaranteed $158,500.

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 10 employees. The SBA loan documents indicated that the loan would help retain 10 existing jobs.

Next Steps for Getting an SBA Loan

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.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Rbs Citizens and they will explain how you can get an SBA loan for your company.

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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