Branford, CT Entrepreneur Gets SBA Loan to Buy Mr. Rooter Franchise

Need money to buy a Mr. Rooter franchise? Bank Of America has a history of making these loans and they are guaranteed by the SBA.

Mr. Rooter franchise loans are available to Branford, Connecticut entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Bank Of America, based in Providence, Rhode Island, issued an SBA franchise loan for a Mr. Rooter franchise in 2002. We've got all the details on this Connecticut small business loan.

SBA Loan Borrower

MR ROOTER & CONNECTICUT SEWER
BRANFORD, CT 06405

SBA Loan Lender

BANK OF AMERICA
111 WESTMINSTER ST
PROVIDENCE, RI 02903

This business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

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

235110 - Plumbing, Heating, and Air Conditioning Contractors

Loan Approval Date

8/1/2002

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $50,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Mr. Rooter franchise. At the time of the loan, the company had 45 employees. The SBA loan documents indicated that the loan would help retain 45 existing jobs.

Getting an SBA Loan For Your Business

If you are wondering how to raise money for a business in Branford CT, you ought to talk with a local Branford SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Branford businesses.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Bank Of America are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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:

Mr. Rooter Plumbing

The Art of Bootstrapping

Best Banks for Small Business in Providence, Rhode Island

Rhode Island SBA Bank Lenders