Providence, Rhode Island Bank Gives SBA Loan to Lawyers Company
Get SBA loans from a Providence, Rhode Island bank that knows how to treat small business owners right! If this firm can get a loan, there's no reason you can't do it too.
Bank Of America is a Providence, Rhode Island small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a Connecticut company.
SBA Loan Borrower
COMPANY TYPE: LAWYERS
WETHERSFIELD (TOWN OF), CT 06109
SBA Loan Lender
BANK OF AMERICA
111 WESTMINSTER ST
PROVIDENCE, RI 02903
This lender processed this business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
541110 - Lawyers
Loan Approval Date
8/7/2003
Loan Approval Gross Amount
$250,000
Loan Approval from the SBA
Of the total $250,000 loan amount, the SBA guaranteed $125,000.
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 55 employees. This SBA loan request indicated that the loan would help generate 8 new jobs and retain 55 existing jobs.
Getting an SBA Loan For Your Business
If you are working on finding money to start a business in Wethersfield (town Of) CT, you ought to talk with a local Wethersfield (town Of) SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Wethersfield (town Of) businesses.
While you may be able to borrow money from friends and family, 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 Line of Credit
Find an SBA Lender in Providence, Rhode Island
SBA Participating Banks in Rhode Island