Bankfive Provides SBA Loan to Buy Rainbow International Corporation Franchise

Need money to invest in a Rainbow International Corporation franchise? Bankfive has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Somerset, Massachusetts needed money to invest in a Rainbow International Corporation franchise back in 2007. Bankfive issued an SBA franchise loan. Here are the details on this Massachusetts small business loan.

SBA Loan Borrower

COOPER'S RESTORATION & CLEANING, INC.
SOMERSET, MA 02726

SBA Loan Lender

BANKFIVE
79 N MAIN ST
FALL RIVER, MA 02720

This lender processed this 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

561790 - Services to Buildings and Dwellings

Loan Approval Date

2/14/2007

Loan Approval Gross Amount

$60,000

Loan Approval from the SBA

Of the total $60,000 loan amount, the SBA guaranteed $30,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Rainbow International Corporation franchise. At the time of the loan, the company had no employees. The SBA loan application for the borrower indicated that the borrowed money would help create 1 new job.

Great, But How Can I Get an SBA Loan for My Business?

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

While you may be able to find business people willing to loan money, 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:

Rainbow International Restoration & Cleaning

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