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May 5, 2024 |
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| Home > Small Business Lenders by State > Rhode Island Business Loan Sources > Newport, Business Loans > Banknewport Newport Business Loans > Glass Doctor Loan | ||||
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I Need a Small Business Loan to Buy a Franchise in Coventry (washington), Rhode Island
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Borrow Money to Buy a Glass Doctor FranchiseNeed money to invest in a Glass Doctor franchise? Banknewport has a history of making these loans and they are guaranteed by the SBA. Glass Doctor franchise loans are available to Coventry (washington), Rhode Island entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Banknewport, based in Newport, Rhode Island, issued an SBA franchise loan for a Glass Doctor franchise in 2007. We've got all the details on this Rhode Island small business loan. SBA Loan Borrower GLASS DOCTOR SBA Loan Lender BANKNEWPORT The lender provided this SBA 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 811122 - Automotive Glass Replacement Shops Loan Approval Date 1/11/2007 Loan Approval Gross Amount $75,000 Loan Approval from the SBA Of the total $75,000 loan amount, the SBA guaranteed $37,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Glass Doctor franchise. At the time of the loan, the company had only one employee. The SBA loan documents indicated that the loan would help generate 3 new jobs and retain 3 existing jobs. Great, But How Can I Get an SBA Loan for My Business? Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Banknewport are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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: Borrowing Money from Friends and Family Banks in Newport, Rhode Island
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