Waterford, CT Entrepreneur Gets SBA Loan to Buy Pearle Vision Center Franchise

Need money to invest in a Pearle Vision Center franchise? Rbs Citizens has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Waterford, Connecticut needed money to invest in a Pearle Vision Center franchise back in 2005. Rbs Citizens issued an SBA franchise loan. Here are the details on this Connecticut small business loan.

SBA Loan Borrower

CRYSTAL VISION, LLC DBA PEARLE VISION CENT
WATERFORD, CT 06385

SBA Loan Lender

RBS CITIZENS
ONE CITIZENS PLAZA
PROVIDENCE, RI 02903

The lender provided this bank loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

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

423460 - Ophthalmic Goods Merchant Wholesalers

Loan Approval Date

9/2/2005

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $25,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Pearle Vision Center franchise. At the time of the loan, the company had 10 employees. The SBA loan documents indicated that the loan would help retain 10 existing jobs.

Start the Process for Getting an SBA Loan Today!

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

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Rbs Citizens that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Pearle Vision

Bank Credit Lines

Best Providence, Rhode Island Banks for Small Business

Getting an SBA Loan in Rhode Island