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April 26, 2024 |
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| Home > Small Business Lenders by State > Rhode Island Business Loan Sources > Saint Cloud, Business Loans > Stearns Bank Saint Cloud Business Loans > Popson, Inc. Loan | ||||
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How Much Does It Cost to Buy a Franchise in N. Providence, Rhode Island?
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Rhode Island Entrepreneur Secures Financing to Buy Instant Imprints FranchiseNeed 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. SBA Loan Lender STEARNS BANK 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: Best Saint Cloud, Minnesota Banks for Small Business Getting an SBA Loan in Minnesota
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