Rbs Citizens Provides SBA Loan to Buy Seven-Eleven 7-11 Food Stores Franchise

Borrowing money to buy a Seven-Eleven 7-11 Food Stores franchise? Rbs Citizens has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Broomall (township Name Marple, Pennsylvania needed money to invest in a Seven-Eleven 7-11 Food Stores franchise back in 2003. Rbs Citizens issued an SBA franchise loan. Here are the details on this Pennsylvania small business loan.

SBA Loan Borrower

7-ELEVEN
BROOMALL (TOWNSHIP NAME MARPLE, PA 19028

SBA Loan Lender

RBS CITIZENS
ONE CITIZENS PLAZA
PROVIDENCE, RI 02903

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

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

445120 - Convenience Stores

Loan Approval Date

4/28/2003

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 Seven-Eleven 7-11 Food Stores franchise. At the time of the loan, the company had 7 employees. This SBA loan request indicated that the loan would help create 2 new jobs.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

This SBA loan was for $100,000. How would you spend $100,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

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Rhode Island SBA 7A Lenders