Business Loan from Business Development Company Given to Printed Circuit Boards Company

An SBA loan from Business Development Company typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Portsmouth, Rhode Island business owner got a $150,000 loan.

Getting a small business loan in Portsmouth, Rhode Island was an essential business goal for this small business back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Business Development Company, operating out of Providence, Rhode Island. Here are the details on this Rhode Island small business loan.

SBA Loan Borrower

COMPANY TYPE: PRINTED CIRCUIT BOARDS
PORTSMOUTH, RI 02871

SBA Loan Lender

BUSINESS DEVELOPMENT COMPANY
40 WESTMINSTER ST, STE 702
PROVIDENCE, RI 02903

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide commercial loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3672 - Printed Circuit Boards

NAICS Code

334412 - Bare Printed Circuit Board Manufacturing

Loan Approval Date

12/13/2004

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $112,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 5 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the funding to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans provide money to small business owners for working capital for other expenses.

This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? 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.

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