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December 23, 2024  
 
 
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SBA 7A Banks for Small Business Owners in Rhode Island

 

 
Loan Census SBA Loan Info

Rhode Island SBA Loan Issued to Secondary Nonferrous Metal Smelting And Refining Company

Rhode IslandSBA loans are available to Rhode Island entrepreneurs through the SBA. In this case, a Missouri bank provides the loan.

Getting a small business loan in Providence, Rhode Island was a top priority for this particular business back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Ge Cap. Small Business Finan Corp. Here are the details on this Rhode Island small business loan.

SBA Loan Borrower

COMPANY TYPE: SECONDARY NONFERROUS METAL SMELTING AND REFINING
PROVIDENCE, RI 02905

SBA Loan Lender

GE CAP. SMALL BUSINESS FINAN CORP
635 MARYVILLE CENTRE DR, STE
ST. LOUIS, MO 63141

This SBA business loan was provided by a small business banker with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loan applications to the SBA get more expeditious service from the SBA on their loan applications.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3341 - Secondary Nonferrous Metal Smelting and Refining

NAICS Code

331314 - Secondary Smelting and Alloying of Aluminum

Loan Approval Date

2/8/2001

Loan Approval Gross Amount

$375,000

Loan Approval from the SBA

Of the total $375,000 loan amount, the SBA guaranteed $281,250.

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 15 employees. The loan application did not indicate that the SBA funding recipient promised to use the money to hire new employees or retain any existing employees.

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

If you are wondering how to raise money for a company in Providence RI, you ought to talk with a local Providence SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Providence businesses.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Ge Cap. Small Business Finan Corp are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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:

Bank Credit Lines

SBA 7A Banks in St. Louis, Missouri

Missouri SBA 7A Banks