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November 15, 2024 |
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| Home > Small Business Lenders by State > Rhode Island Business Loan Sources > Warwick, Business Loans > Home Loan Invest Bank F.S.B. Warwick Business Loans > Drycleaning And Laundry Services Loan | ||||
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Small Business Banks for Warwick (rr Name Apponaug), Rhode Island Business Owners
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Firm Gets a Rhode Island Bank LoanRhode IslandSmall business loans are available to Rhode Island small business owners through the SBA. In this case, a Rhode Island bank provides the loan. Getting a small business loan in Warwick (rr Name Apponaug), Rhode Island was a top priority for this small company back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Home Loan Invest Bank F.S.B.. Here are the details on this Rhode Island small business loan. SBA Loan Borrower COMPANY TYPE: DRYCLEANING AND LAUNDRY SERVICES SBA Loan Lender HOME LOAN INVEST BANK F.S.B. Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 812320 - Drycleaning and Laundry Services Loan Approval Date 3/2/2001 Loan Approval Gross Amount $175,000 Loan Approval from the SBA Of the total $175,000 loan amount, the SBA guaranteed $131,250. 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 only one employee. The SBA loan application for the borrower indicated that the loan would help retain 1 existing job. Start the Process for Getting an SBA Loan Today! Every year, the SBA guarantees over $10 billion for loans just like this one. This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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: Small Business Banks in Warwick, Rhode Island Where to Get an SBA Loan Rhode Island
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