 |
 |
November 23, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > Rhode Island Business Loan Sources > Hartford, Business Loans > Business Lenders, LLC Hartford Business Loans > Health Clubs Of America Loan | ||||
 |
||||
Best Banks for Franchise Loans in Rhode Island
|
||||
 |
Narragansett (census Name Narr, RI Entrepreneur Gets SBA Loan to Buy Lady Of America FranchiseNeed a loan to invest in a Lady Of America franchise? Business Lenders, LLC has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Narragansett (census Name Narr, Rhode Island needed money to invest in a Lady Of America franchise back in 2000. Business Lenders, LLC issued an SBA franchise loan. Here are the details on this Rhode Island small business loan. SBA Loan Borrower HEALTH CLUBS OF AMERICA SBA Loan Lender BUSINESS LENDERS, LLC Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7991 - Physical Fitness Facilities NAICS Code 713940 - Fitness and Recreational Sports Centers Loan Approval Date 8/31/2000 Loan Approval Gross Amount $81,800 Loan Approval from the SBA Of the total $81,800 loan amount, the SBA guaranteed $65,440. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Lady Of America franchise. At the time of the loan, the company had 5 employees. The SBA loan documents indicated that the loan would help generate 4 new jobs and retain 1 existing job. Great, But How Can I Get an SBA Loan for My Business? SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $81,800 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Small Bank Loans in Hartford, Connecticut
|
|
||
|
||||
|
|
||||