Loan Census Banking News and Information
April 23, 2024  
 
 
  Business Loan Information  
 

Best Banks for Johnston (town Of), Rhode Island Small Businesses

 

 
Loan Census SBA Loan Info

Rbs Citizens Provides SBA Loan to Buy Ladies Workout Express Franchise

Borrowing money to invest in a Ladies Workout Express franchise? Rbs Citizens has a history of making these loans and they are guaranteed by the SBA.

Ladies Workout Express franchise loans are available to Johnston (town Of), Rhode Island entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Rbs Citizens, based in Providence, Rhode Island, issued an SBA franchise loan for a Ladies Workout Express franchise in 2003. We've got all the details on this Rhode Island small business loan.

SBA Loan Borrower

LADIES WORKOUT EXPRESS
JOHNSTON (TOWN OF), RI 02919

SBA Loan Lender

RBS CITIZENS
ONE CITIZENS PLAZA
PROVIDENCE, RI 02903

The lender provided this 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

713940 - Fitness and Recreational Sports Centers

Loan Approval Date

10/20/2003

Loan Approval Gross Amount

$35,000

Loan Approval from the SBA

Of the total $35,000 loan amount, the SBA guaranteed $17,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Ladies Workout Express franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 1 new job and retain 3 existing jobs.

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

Many small businesses receive loans backed by the U.S. Small Business Administration.

We can help you find the best banks for small businesses in Johnston (town Of) or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Ladies Workout Express

Attracting Investors

Banks in Providence, Rhode Island

Rhode Island SBA 7A Lenders