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December 23, 2024 |
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| Home > Small Business Lenders by State > New Hampshire Business Loan Sources > Providence, Business Loans > Bank Of America Providence Business Loans > Commercial Nonphysical Research Loan | ||||
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Rhode Island Bank SBA Loans
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Bank Of America SBA Loan to Commercial Nonphysical Research CompanyWant a New Hampshire business loan? Here's one New Hampshire business loan that was approved by the SBA. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Portsmouth, New Hampshire was able to borrow $100,000 from Bank Of America. The SBA made the loan possible by guaranteeing $50,000 of this New Hampshire small business loan. SBA Loan Borrower COMPANY TYPE: COMMERCIAL NONPHYSICAL RESEARCH SBA Loan Lender BANK OF AMERICA The lender provided this SBA 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. SIC Code 8732 - Commercial Nonphysical Research Loan Approval Date 5/24/2000 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. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 5 employees. This SBA loan request indicated that the loan would help retain 5 existing jobs. Getting an SBA Loan For Your Business SBA loans provide smart, affordable business financing for small businesses looking to expand. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $100,000 loan. Remember, anyone can do it... so why not 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: The Friends and Family Network Find an SBA Lender in Providence, Rhode Island
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