North Kingstown (local Name Wi, Rhode Island Business Gets SBA-Guaranteed Funding from Coastway Cu

An SBA loan from Coastway Cu typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a North Kingstown (local Name Wi, Rhode Island business owner got a $102,000 loan.

This growing company received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Coastway Cu, out of Cranston, Rhode Island. The loan was granted and they received $102,000 to help grow their North Kingstown (local Name Wi, Rhode Island business.

SBA Loan Borrower

COMPANY TYPE: ELECTRONIC SHOPPING
NORTH KINGSTOWN (LOCAL NAME WI, RI 02852

SBA Loan Lender

COASTWAY CU
25 LOVELL AVE
CRANSTON, RI 02920

This lender provides SBA loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

454111 - Electronic Shopping

Loan Approval Date

3/21/2005

Loan Approval Gross Amount

$102,000

Loan Approval from the SBA

Of the total $102,000 loan amount, the SBA guaranteed $86,700.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The SBA loan application for the borrower indicated that the loan would help retain 1 existing job.

Next Steps for Getting an SBA Loan

If you need business start up money in North Kingstown (local Name Wi RI, you ought to talk with a local North Kingstown (local Name Wi SBA lender or talk with an out-of-area SBA lender that has previously loaned money to North Kingstown (local Name Wi businesses.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $102,000 loan. Remember, anyone can do it... so why not you?

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

Where to Get an SBA Loan in Cranston, Rhode Island

SBA Rhode Island Banks