Freedom National Bank Gives Bank Loan to Bolts, Nuts, Screws, Rivets, And Washers Company
Rhode IslandSmall business loans are available to Rhode Island small business owners through the SBA. In this case, a Rhode Island bank provides the loan.
You can learn something about getting a small business loan in Smithfield, Rhode Island by studying this loan to a local company, made back in 2006. Banks like Freedom National Bank may also be willing to lend to you, given that they granted this small business loan.
SBA Loan Borrower
COMPANY TYPE: BOLTS, NUTS, SCREWS, RIVETS, AND WASHERS
SMITHFIELD, RI 02917
SBA Loan Lender
FREEDOM NATIONAL BANK
584 PUTNAM PIKE
GREENVILLE, RI 02828
SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This business loan was issued via the SBA 7a lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
3452 - Bolts, Nuts, Screws, Rivets, and Washers
NAICS Code
332722 - Bolt, Nut, Screw, Rivet, and Washer Manufacturing
Loan Approval Date
5/12/2006
Loan Approval Gross Amount
$100,000
Loan Approval from the SBA
Of the total $100,000 loan amount, the SBA guaranteed $75,000.
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 6 employees. The loan application did not indicate that the small business promised to use the loan proceeds to hire new employees or retain any existing employees.
Getting an SBA Loan For Your Business
Many small businesses receive loans backed by the U.S. Small Business Administration.
This SBA loan was for $100,000. How would you spend $100,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.
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:
Strategic Investors
SBA 7A Lenders in Greenville, Rhode Island
Rhode Island SBA 7A Banks