Business Loans for Dry Pasta Manufacturing

With these business loans for dry pasta manufacturing, the SBA guarantees the lender that the loan will be repaid. This dry pasta manufacturing loan for $105,000 was given to a Rhode Island entrepreneur in 2001.

This small business knew how to go about getting a business bank loan. Based in Smithfield, Rhode Island, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Washington Tr Co - Westerly, based in Providence, Rhode Island.

SBA Loan Borrower

COMPANY TYPE: FOOD PREPARATIONS
SMITHFIELD, RI 02917

SBA Loan Lender

WASHINGTON TR CO - WESTERLY
180 WASHINGTON ST
PROVIDENCE, RI 02903

This lender issued this particular business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2099 - Food Preparations

NAICS Code

311823 - Dry Pasta Manufacturing

Loan Approval Date

9/5/2001

Loan Approval Gross Amount

$105,000

Loan Approval from the SBA

Of the total $105,000 loan amount, the SBA guaranteed $89,250.

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 5 employees. This SBA loan request did not indicate that the company promised to use the funding to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

We can help you find the best banks for small businesses in Smithfield or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Obtaining Funding - Getting Venture Capital

Small Bank Loans in Providence, Rhode Island

Rhode Island SBA Bank Lenders