Loan to Buy Rainbow International Corporation Franchise Issued By Citizens & Farmers Bank

Need a loan to invest in a Rainbow International Corporation franchise? Citizens & Farmers Bank has a history of making these loans and they are guaranteed by the SBA.

Rainbow International Corporation franchise loans are available to Chesterfield, Virginia entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Citizens & Farmers Bank, based in Midlothian, Virginia, issued an SBA franchise loan for a Rainbow International Corporation franchise in 2004. We've got all the details on this Virginia small business loan.

SBA Loan Borrower

RAINBOW INTERNATIONAL OF CHEST
CHESTERFIELD, VA 23832

SBA Loan Lender

CITIZENS & FARMERS BANK
1400 ALVERSER DR, C & F CENTE
MIDLOTHIAN, VA 23112

This lender issued this particular SBA small business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

561740 - Carpet and Upholstery Cleaning Services

Loan Approval Date

4/29/2004

Loan Approval Gross Amount

$140,000

Loan Approval from the SBA

Of the total $140,000 loan amount, the SBA guaranteed $119,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Rainbow International Corporation franchise. At the time of the loan, the company had 3 employees. The SBA loan documents did not indicate that the company planned to use the funding to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $140,000 loan. Remember, anyone can do it... so why not 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.

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