Plymouth, MA Entrepreneur Gets SBA Loan to Buy Comfort Keepers Franchise

Borrowing money to buy a Comfort Keepers franchise? Eastern Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near Plymouth, Massachusetts and are interested in buying a Comfort Keepers franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2006 by Eastern Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

R SQUARED ENTERPRISES, INC. D/B/A COMFORT
PLYMOUTH, MA 02360

SBA Loan Lender

EASTERN BANK
265 FRANKLIN ST
BOSTON, MA 02110

This lender processed this SBA small business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

621610 - Home Health Care Services

Loan Approval Date

9/27/2006

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $50,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Comfort Keepers franchise. At the time of the loan, the company had 115 employees. The loan application indicated that the loan would help generate 2 new jobs and retain 115 existing jobs.

Getting an SBA Loan For Your Business

Many small businesses receive loans backed by the U.S. Small Business Administration.

This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for 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.

Related Links:

Comfort Keepers

Business Incubators

Banks in Boston, Massachusetts

SBA Participating Banks in Massachusetts