SBA Loan from Textron Business Credit, Inc. Helps Nonhazardous Waste Treatment And Disposal Company

Textron Business Credit, Inc. is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Georgia entrepreneur who tapped into the power of SBA loans.

This small firm received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Textron Business Credit, Inc., out of Providence, Rhode Island. The loan was granted and they received $1,132,000 to help grow their Smyrna, Georgia business.

SBA Loan Borrower

COMPANY TYPE: NONHAZARDOUS WASTE TREATMENT AND DISPOSAL
SMYRNA, GA 30080

SBA Loan Lender

TEXTRON BUSINESS CREDIT, INC.
40 WESTMINISTER ST
PROVIDENCE, RI 02903

This lender provides SBA loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

562219 - Nonhazardous Waste Treatment and Disposal

Loan Approval Date

11/21/2001

Loan Approval Gross Amount

$1,132,000

Loan Approval from the SBA

Of the total $1,132,000 loan amount, the SBA guaranteed $849,000.

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 22 employees. The SBA loan documents indicated that the loan would help generate 1 new job and retain 22 existing jobs.

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

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've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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:

Understanding Dilution

SBA Approved Banks in Providence, Rhode Island

SBA Lenders in Rhode Island