Small Business Loans Narragansett RI

Local resource for applying for a small business loan in Narragansett. Includes detailed information on local businesses that provide access to loan officers who guide you through obtaining small business loans such as guaranteed government loans, direct bank loans, private entity loans, SBA-backed loans as well as equity financing and bonding programs and will help you create a business plan.

People'S Credit Union
(401) 849-7921
43 Memorial Blvd
Newport, RI
 
Majestic Mortgage
(401) 846-6020
55 Memorial Blvd
Newport, RI
 
Cfs
(401) 849-2300
24 School St
Newport, RI
 
Banknewport
(401) 849-1244
10 Washington Sq
Newport, RI
 
Bank Rhode Island
(401) 294-7737
1140 Ten Rod Rd
North Kingstown, RI
 
Sakonnet Mortgage
(401) 849-0927
11 Touro St
Newport, RI
 
Embrace Home Loans
(401) 849-1956
364 Bellevue Ave
Newport, RI
 
Noah Anacleto Superior Mortgage
(401) 847-4747
494 Broadway
Newport, RI
 
Newport Fed
(401) 847-5500
100 Bellevue Ave
Newport, RI
 
Community Mortgage Corp
(401) 583-1313
606 Ten Rod Rd Unit 5
North Kingstown, RI
 

Small Business Loan

A small business loan can come in many forms. You can get an SBA-backed loan, a direct bank loan, a private entity loan or a guaranteed government loan to fun your needs. One thing is certain - the loan office you deal with will want to see your small business plan. Don’t even think about applying for a small business loan without one.

Your business plan is the physical representation of your existing business or start up idea on paper. It can also be the difference between acceptance and denial from the loan officer on your loan application. A solid small business plan can help you get a loan regardless of the source, and there are many benefits to getting other than a private entity loan, particularly when you take advantage of financial services and business tips available from the Small Business Administration.

While you could go with a direct bank loan, a guaranteed government loan or a loan from family, friends or a private investor on your own don’t rule out an SBA-backed loan. The Small Business Administration loan program helps finances small businesses although they do not directly offer monetary lending. Instead, when you apply for an SBA-backed loan you are asking the Small Business Administration to guarantee you will pay back your loan. Having them behind you gives your business validation and the SBA has a wealth of tools to help you get to the point where they will back your application with your local bank or credit union.

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