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December 18, 2024 |
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| Home > Small Business Lenders by State > Massachusetts Business Loan Sources > Providence, Business Loans > Textron Business Credit, Inc. Providence Business Loans > Sports And Recreation Instruction Loan | ||||
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Uxbridge (census Name Uxbridge, Massachusetts Bank Loan
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Uxbridge (census Name Uxbridge, Massachusetts Entrepreneur Gets a Bank LoanMassachusettsSmall business loans are available to Massachusetts small business owners through the SBA. In this case, a Rhode Island bank provides the loan. This small business, based in Uxbridge (census Name Uxbridge, Massachusetts, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Textron Business Credit, Inc.. We've got the inside scoop on this Massachusetts small business loan. SBA Loan Borrower COMPANY TYPE: SPORTS AND RECREATION INSTRUCTION SBA Loan Lender TEXTRON BUSINESS CREDIT, INC. As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 611620 - Sports and Recreation Instruction Loan Approval Date 6/28/2001 Loan Approval Gross Amount $1,350,000 Loan Approval from the SBA Of the total $1,350,000 loan amount, the SBA guaranteed $999,999. 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 10 employees. This SBA loan request indicated that the loan would help retain 10 existing jobs. Start the Process for Getting an SBA Loan Today! If you are wondering how to raise money for a business in Uxbridge (census Name Uxbridge MA, you ought to talk with a local Uxbridge (census Name Uxbridge SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Uxbridge (census Name Uxbridge businesses. 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 Textron Business Credit, Inc. 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: Banks in Providence, Rhode Island SBA Participating Banks in Rhode Island
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