Rbs Citizens Provides SBA Loan to Buy Stone Mountain Carpet Mill Outlet Franchise

Borrowing money to invest in a Stone Mountain Carpet Mill Outlet franchise? Rbs Citizens has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Stone Mountain Carpet Mill Outlet franchise may simply require a phone call to a local SBA banker. In 2004, Rbs Citizens issued an SBA franchise loan to an entrepreneur in Warwick (rr Name Apponaug), Rhode Island. Because Stone Mountain Carpet Mill Outlet was registered with the SBA's registry of franchises, this Rhode Island small business loan was issued on an expedited basis.

SBA Loan Borrower

GCO OF WARWICK
WARWICK (RR NAME APPONAUG), RI 02886

SBA Loan Lender

RBS CITIZENS
ONE CITIZENS PLAZA
PROVIDENCE, RI 02903

This lender processed this debt financing 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

442210 - Floor Covering Stores

Loan Approval Date

7/9/2004

Loan Approval Gross Amount

$200,000

Loan Approval from the SBA

Of the total $200,000 loan amount, the SBA guaranteed $100,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Stone Mountain Carpet Mill Outlet franchise. At the time of the loan, the company had 5 employees. The SBA loan documents indicated that the loan would help retain 5 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you are raising money in Warwick (rr Name Apponaug) RI, you ought to talk with a local Warwick (rr Name Apponaug) SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Warwick (rr Name Apponaug) businesses.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Rbs Citizens and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

Stone Mountain / GCO Flooring Outlets

Obtaining Funding - Getting Venture Capital

Where to Get an SBA Loan in Providence, Rhode Island

Rhode Island SBA 7A Lenders