Loan to Buy Ronzio Franchise Issued By Unity Bank
Need a loan to purchase a Ronzio franchise? Unity Bank has a history of making these loans and they are guaranteed by the SBA.
An entrepreneur in Johnston (town Of), Rhode Island needed money to invest in a Ronzio franchise back in 2005. Unity Bank issued an SBA franchise loan. Here are the details on this Rhode Island small business loan.
SBA Loan Borrower
RONZIO PIZZA AND SUBS OF JOHNS
JOHNSTON (TOWN OF), RI 02919
SBA Loan Lender
UNITY BANK
64 OLD HWY 22
CLINTON, NJ 08809
This lender provides SBA guaranteed business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
722110 - Full-Service Restaurants
Loan Approval Date
3/16/2005
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 an existing business. This loan was used to buy a Ronzio franchise. At the time of the loan, the company
had 5 employees. The loan application indicated that the loan would help generate 2 new jobs and retain 7 existing jobs.
Getting an SBA Loan For Your Business
If you need money to start a business or need money to grow a business, an SBA loan can be a great source of funding.
If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Unity Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.
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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