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December 22, 2024  
 
 
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Small Business Banks for Small Businesses in Rhode Island

 

 
Loan Census SBA Loan Info

Rhode Island Business Loan Issued to Lessors Of Nonresidential Buildings Company

Business loans in Rhode Island are are few and far betweeen these days. We take a look at one Rhode Island business loan, provided by a Rhode Island bank, that was approved by the SBA.

You can learn something about getting a small business loan in Warwick (rr Name Apponaug), Rhode Island by studying this loan to a local business, made back in 2003. Banks like Coastway Cu may also be willing to lend to you, given that they granted this small business loan.

SBA Loan Borrower

COMPANY TYPE: LESSORS OF NONRESIDENTIAL BUILDINGS
WARWICK (RR NAME APPONAUG), RI 02818

SBA Loan Lender

COASTWAY CU
25 LOVELL AVE
CRANSTON, RI 02920

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

531120 - Lessors of Nonresidential Buildings

Loan Approval Date

6/13/2003

Loan Approval Gross Amount

$45,500

Loan Approval from the SBA

Of the total $45,500 loan amount, the SBA guaranteed $38,675.

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 2 employees. The SBA loan application for the borrower indicated that the loan would help retain 2 existing jobs.

Getting an SBA Loan For Your Business

SBA loans provide money to small business owners for working capital for other expenses.

While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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:

Business Credit Evaluation

Best Cranston, Rhode Island Banks for Small Business

Rhode Island SBA 7A Banks