Unity Bank Provides SBA Loan to Buy Agway Franchise
Need a loan to buy an Agway franchise? Unity Bank has a history of making these loans and they are guaranteed by the SBA.
Agway franchise loans are available to Exeter, Rhode Island entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Unity Bank, based in Clinton, New Jersey, issued an SBA franchise loan for an Agway franchise in 2005. We've got all the details on this Rhode Island small business loan.
SBA Loan Borrower
GILLETTE OF KINGSTON, INC.
EXETER, RI 02882
SBA Loan Lender
UNITY BANK
64 OLD HWY 22
CLINTON, NJ 08809
SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA bank loan was issued via the SBA 7a lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
5261 - Retail Nurseries, Lawn and Garden Supply Stores
NAICS Code
444220 - Nursery and Garden Centers
Loan Approval Date
12/7/2005
Loan Approval Gross Amount
$1,100,000
Loan Approval from the SBA
Of the total $1,100,000 loan amount, the SBA guaranteed $825,000.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was used to buy an Agway franchise. At the time of the loan, the company
had 20 employees. The loan application did not indicate that the small business planned to use the money to increase staffing levels or retain any existing employees.
Great, But How Can I Get an SBA Loan for My Business?
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.
While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.
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:
Family and Friend Investors - Your First Financiers
SBA Participating Banks in Clinton, New Jersey
Browse All Business Loan Sources for New Jersey