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July 1, 2022  
 
 
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How Much Does It Cost to Buy a Franchise in N. Providence, Rhode Island?

 

 
Loan Census SBA Loan Info

Rhode Island Entrepreneur Secures Financing to Buy Instant Imprints Franchise

Need a loan to invest in an Instant Imprints franchise? Stearns Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near N. Providence, Rhode Island and are interested in buying an Instant Imprints franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2006 by Stearns Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

POPSON, INC.
N. PROVIDENCE, RI 02911

SBA Loan Lender

STEARNS BANK
4191 2ND ST SOUTH
SAINT CLOUD, MN 56301

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide debt financing to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3443 - Fabricated Plate Work

NAICS Code

323113 - Commercial Screen Printing

Loan Approval Date

3/13/2006

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an Instant Imprints franchise. At the time of the loan, the company had only one employee. This SBA loan request did not indicate that the company promised to use the funding to hire new employees or retain any existing employees.

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

SBA loans provide money to small business owners for working capital for other expenses.

We've showcased information on this loan to let you know that businesses like yours 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:

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Getting an SBA Loan in Minnesota