Bank Rhode Island Provides SBA Loan to Buy Sea Tow Of Rhode Island Franchise

Need money to purchase a Sea Tow Of Rhode Island franchise? Bank Rhode Island has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Sea Tow Of Rhode Island franchise may simply require a phone call to a local SBA banker. In 2006, Bank Rhode Island issued an SBA franchise loan to an entrepreneur in North Kingstown (local Name Wi, Rhode Island. Because Sea Tow Of Rhode Island was registered with the SBA's registry of franchises, this Rhode Island small business loan was issued on an expedited basis.

SBA Loan Borrower

SEA TOW OF RHODE ISLAND
NORTH KINGSTOWN (LOCAL NAME WI, RI 02852

SBA Loan Lender

BANK RHODE ISLAND
ONE TURKS HEAD PLACE
PROVIDENCE, RI 02903

The lender provided this SBA business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

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

488390 - Support Activities for Water Transportation

Loan Approval Date

10/31/2006

Loan Approval Gross Amount

$275,000

Loan Approval from the SBA

Of the total $275,000 loan amount, the SBA guaranteed $137,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Sea Tow Of Rhode Island franchise. At the time of the loan, the company had 4 employees. This SBA loan request indicated that the loan would help retain 4 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you need money to start business 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 $275,000 loan. Remember, things become real when you believe you can achieve them!

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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SBA Participating Banks in Providence, Rhode Island

SBA Lenders in Rhode Island