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April 30, 2024 |
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| Home > Small Business Lenders by State > Rhode Island Business Loan Sources > Providence, Business Loans > Bank Of America Providence Business Loans > Sanitech Inc Loan | ||||
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Rhode Island Small Business Funding for Franchises
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Bank Of America Provides SBA Loan to Buy Swisher Int. FranchiseBorrowing money to buy a Swisher Int. franchise? Bank Of America has a history of making these loans and they are guaranteed by the SBA. Swisher Int. franchise loans are available to Cranston, Rhode Island entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Bank Of America, based in Providence, Rhode Island, issued an SBA franchise loan for a Swisher Int. franchise in 2005. We've got all the details on this Rhode Island small business loan. SBA Loan Borrower SANITECH INC SBA Loan Lender BANK OF AMERICA 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 561720 - Janitorial Services Loan Approval Date 1/20/2005 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 an existing business. This loan was used to buy a Swisher Int. franchise. At the time of the loan, the company had 35 employees. The loan application indicated that the loan would help generate 5 new jobs and retain 40 existing jobs. Start the Process for Getting an SBA Loan Today! SBA loans provide smart, affordable business financing for small businesses looking to expand. While you may be able to borrow money from friends and family, 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: Who Lends Money to Small Businesses in Providence, Rhode Island
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