Rbs Citizens SBA Loan to Automatic Vending Machine Manufacturing Company

Rbs Citizens has a track record as a leading provider of SBA loans. Find out how this Indiana entrepreneur received an SBA loan from them.

This growing company knew how to go about getting a business bank loan. Based in Saint John, Indiana, they applied for and received an SBA-guaranteed loan in 2006. The lending bank was Rbs Citizens, based in Providence, Rhode Island.

SBA Loan Borrower

COMPANY TYPE: AUTOMATIC VENDING MACHINE MANUFACTURING
SAINT JOHN, IN 46373

SBA Loan Lender

RBS CITIZENS
ONE CITIZENS PLAZA
PROVIDENCE, RI 02903

The lender provided this 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

333311 - Automatic Vending Machine Manufacturing

Loan Approval Date

7/19/2006

Loan Approval Gross Amount

$34,600

Loan Approval from the SBA

Of the total $34,600 loan amount, the SBA guaranteed $17,300.

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 3 employees. The loan application indicated that the loan would help retain 3 existing jobs.

Getting an SBA Loan For Your Business

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

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Find Start-Up Capital

Best Providence, Rhode Island Banks for Small Business

Getting an SBA Loan in Rhode Island