Rbs Citizens SBA Loan to Offices And Clinics Of Podiatrists Company
Rbs Citizens and the SBA work together to get business loans for growing small businesses. Here's an example of how a Rhode Island entrepreneur was able to get a loan to take a small business to the next level.
This growing company received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Rbs Citizens, out of Cranston, Rhode Island. The loan was granted and they received $150,000 to help grow their Pawtucket, Rhode Island business.
SBA Loan Borrower
COMPANY TYPE: OFFICES AND CLINICS OF PODIATRISTS
PAWTUCKET, RI 02860
SBA Loan Lender
RBS CITIZENS
85 SOCKANOSSET CROSS RD
CRANSTON, RI 02920
This was a Low Documentation SBA loan. The SBA launched this program to minimize the paperwork associated with getting a loan . The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
8043 - Offices and Clinics of Podiatrists
NAICS Code
621391 - Podiatrists
Loan Approval Date
11/5/2001
Loan Approval Gross Amount
$150,000
Loan Approval from the SBA
Of the total $150,000 loan amount, the SBA guaranteed $127,500.
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 8 employees. The loan application did not indicate that the small business promised to use the funding to add employees or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
Many small businesses receive loans backed by the U.S. Small Business Administration.
This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for 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:
Borrowing Money from Friends and Family
Good Banks for Small Business in Cranston, Rhode Island
Where to Get an SBA Loan Rhode Island