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November 24, 2024 |
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| Home > Small Business Lenders by State > Connecticut Business Loan Sources > Providence, Business Loans > Rbs Citizens Providence Business Loans > Consumer Goods Rental Loan | ||||
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Rhode Island SBA 7A Lenders
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Providence, Rhode Island Bank Lends Money to Consumer Goods Rental Company in Old Saybrook, ConnecticutGet to know Providence, Rhode Island banks that specialize in small business loans and know how to work with entrepreneurs. Rbs Citizens is one such bank, as evidenced by this SBA loan to a growing company. Finding a small business loan in Old Saybrook, Connecticut starts with an understanding of who else has gotten loans in the area. In this case, a local company received funding from Rbs Citizens. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower COMPANY TYPE: CONSUMER GOODS RENTAL SBA Loan Lender RBS CITIZENS This commercial loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours. 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 532299 - Consumer Goods Rental Loan Approval Date 9/22/2005 Loan Approval Gross Amount $3,600 Loan Approval from the SBA Of the total $3,600 loan amount, the SBA guaranteed $1,800. 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 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 SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Rbs Citizens had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Rbs Citizens made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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 Providence, Rhode Island
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