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December 22, 2024 |
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| Home > Small Business Lenders by State > Rhode Island Business Loan Sources > Cranston, Business Loans > Coastway Cu Cranston Business Loans > Title Abstract And Settlement Offices Loan | ||||
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Banks in Cranston, Rhode Island That Make SBA Loans
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Entrepreneur Works With Cranston, Rhode Island Bank to Get an SBA LoanThinking about meeting with a Cranston, Rhode Island bank about an SBA loan? Here's one Rhode Island business loan, issued by a Cranston bank, that was approved by the SBA. Applying for an SBA loan with Coastway Cu worked out well for our friends at one local business in North Providence (town Of), Rhode Island. The business was able to get an SBA loan for $100,000. Nice! SBA Loan Borrower COMPANY TYPE: TITLE ABSTRACT AND SETTLEMENT OFFICES SBA Loan Lender COASTWAY CU 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 541191 - Title Abstract and Settlement Offices Loan Approval Date 2/2/2006 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $50,000. 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 4 employees. The SBA loan documents indicated that the loan would help retain 4 existing jobs. Next Steps for Getting an SBA Loan SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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: SBA Approved Banks in Cranston, Rhode Island
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