Commercial Loans for Environment, Conservation and Wildlife Organizations
Looking for commercial loans for environment, conservation and wildlife organizations? An SBA loan may be just what you've been looking for. This $26,000 environment, conservation and wildlife organizations loan was issued by a Rhode Island bank.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Seven Valleys (rr Name Smyser), Pennsylvania was able to borrow $26,000 from Rbs Citizens. The SBA made the loan possible by guaranteeing $13,000 of this Pennsylvania small business loan.
SBA Loan Borrower
COMPANY TYPE: ENVIRONMENT, CONSERVATION AND WILDLIFE ORGANIZATIONS
SEVEN VALLEYS (RR NAME SMYSER), PA 17360
SBA Loan Lender
RBS CITIZENS
ONE CITIZENS PLAZA
PROVIDENCE, RI 02903
This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.
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
813312 - Environment, Conservation and Wildlife Organizations
Loan Approval Date
5/19/2004
Loan Approval Gross Amount
$26,000
Loan Approval from the SBA
Of the total $26,000 loan amount, the SBA guaranteed $13,000.
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 14 employees. This SBA loan request indicated that the loan would help retain 14 existing jobs.
Getting an SBA Loan For Your Business
SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.
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 Rbs Citizens 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:
Small Business Credit Cards
Who Lends Money to Small Businesses in Providence, Rhode Island
Browse All Business Loan Sources for Rhode Island