Raising Money for Schools and Instruction

Looking for business loans for schools and instruction? Try the SBA. This $100,000 schools and instruction loan was issued by a Rhode Island bank.

This small business knew how to go about getting a business bank loan. Based in Wakefield, Rhode Island, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Coastway Cu, based in Cranston, Rhode Island.

SBA Loan Borrower

COMPANY TYPE: SCHOOLS AND INSTRUCTION
WAKEFIELD, RI 02880

SBA Loan Lender

COASTWAY CU
25 LOVELL AVE
CRANSTON, RI 02920

This lender provides SBA business 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

611699 - Schools and Instruction

Loan Approval Date

7/1/2004

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $85,000.

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 2 employees. This SBA loan request indicated that the loan would help generate 7 new jobs and retain 9 existing jobs.

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

If you want money for new small business in Wakefield RI, you ought to talk with a local Wakefield SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Wakefield businesses.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Coastway Cu so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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.

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