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November 15, 2024 |
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| Home > Small Business Lenders by State > Rhode Island Business Loan Sources > East Greenwich, Business Loans > Independence Bank East Greenwich Business Loans > Gasoline Service Stations Loan | ||||
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East Greenwich Bank Loan
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Entrepreneur Works With East Greenwich, Rhode Island Bank to Get an SBA LoanThinking about meeting with an East Greenwich, Rhode Island bank about a business loan? Here's one Rhode Island business loan, issued by an East Greenwich bank, that was approved by the SBA. Applying for an SBA loan with Independence Bank worked out well for our friends at one local business in Pawtucket, Rhode Island. They got an SBA loan for $435,000. Sweet! SBA Loan Borrower COMPANY TYPE: GASOLINE SERVICE STATIONS SBA Loan Lender INDEPENDENCE BANK This commercial loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5541 - Gasoline Service Stations NAICS Code 447110 - Gasoline Stations with Convenience Stores Loan Approval Date 7/22/2005 Loan Approval Gross Amount $435,000 Loan Approval from the SBA Of the total $435,000 loan amount, the SBA guaranteed $326,250. More Information on This SBA Loan The borrower borrowed this money for a new 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 only one employee. This SBA loan request did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! If you are wondering how to raise money for a company in Pawtucket RI, you ought to talk with a local Pawtucket SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Pawtucket businesses. This SBA loan was for $435,000. How would you spend $435,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Best East Greenwich, Rhode Island Banks for Small Business
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