Providence, Rhode Island Bank Gives SBA Loan to Commercial Printing Company
Get small business loans from a Providence, Rhode Island bank that knows how to treat small business owners right! If this company can get a loan, there's no reason you can't do it too.
Bank Of America is a Providence, Rhode Island small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a New Jersey company.
SBA Loan Borrower
COMPANY TYPE: COMMERCIAL PRINTING
PERTH AMBOY, NJ 08861
SBA Loan Lender
BANK OF AMERICA
111 WESTMINSTER ST
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
323119 - Commercial Printing
Loan Approval Date
4/17/2002
Loan Approval Gross Amount
$98,000
Loan Approval from the SBA
Of the total $98,000 loan amount, the SBA guaranteed $49,000.
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 25 employees. The SBA loan application for the borrower indicated that the loan would help generate 5 new jobs and retain 30 existing jobs.
Start the Process for Getting an SBA Loan Today!
If you have been wondering how do i get money to start a business in Perth Amboy NJ, you ought to talk with a local Perth Amboy SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Perth Amboy businesses.
SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Bank Of America and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!
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:
Realistic Debt Financing Options
Banks in Providence, Rhode Island
Rhode Island SBA Bank Lenders