Borrow Money to Buy an Amerispec Franchise

Borrowing money to purchase an Amerispec franchise? Washington Tr Co - Westerly has a history of making these loans and they are guaranteed by the SBA.

Amerispec franchise loans are available to Barrington, Rhode Island entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Washington Tr Co - Westerly, based in Westerly, Rhode Island, issued an SBA franchise loan for an Amerispec franchise in 2005. We've got all the details on this Rhode Island small business loan.

SBA Loan Borrower

CASTLE INSPECTONS INC,DBA AMER
BARRINGTON, RI 02806

SBA Loan Lender

WASHINGTON TR CO - WESTERLY
23 BROAD ST
WESTERLY, RI 02891

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

531390 - Activities Related to Real Estate

Loan Approval Date

2/17/2005

Loan Approval Gross Amount

$337,000

Loan Approval from the SBA

Of the total $337,000 loan amount, the SBA guaranteed $252,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy an Amerispec franchise. At the time of the loan, the company had 2 employees. The loan application indicated that the loan would help generate 1 new job and retain 1 existing job.

Getting an SBA Loan For Your Business

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Washington Tr Co - Westerly and they will explain how you can get an SBA loan for your company.

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:

AmeriSpec Home Inspection

AmeriSpec Home Inspection Service

Microlending as a Small Business Funding Source

Where to Get an SBA Loan in Westerly, Rhode Island

SBA Rhode Island Lenders