Rbs Citizens Provides SBA Loan to Buy Ronzio Franchise
Borrowing money to buy a Ronzio franchise? Rbs Citizens has a history of making these loans and they are guaranteed by the SBA.
Getting money to buy a Ronzio franchise may simply require a phone call to a local SBA banker. In 2004, Rbs Citizens issued an SBA franchise loan to an entrepreneur in Coventry (washington), Rhode Island. Because Ronzio was registered with the SBA's registry of franchises, this Rhode Island small business loan was issued on an expedited basis.
SBA Loan Borrower
RONZIO PIZZA
COVENTRY (WASHINGTON), RI 02816
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
722110 - Full-Service Restaurants
Loan Approval Date
7/30/2004
Loan Approval Gross Amount
$57,000
Loan Approval from the SBA
Of the total $57,000 loan amount, the SBA guaranteed $28,500.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was used to buy a Ronzio franchise. At the time of the loan, the company
had 6 employees. The SBA loan application for the borrower indicated that the loan would help retain 6 existing jobs.
Start the Process for Getting an SBA Loan Today!
For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.
We can help you find the best banks for small businesses in Coventry (washington) or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.
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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