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April 19, 2024  
 
 
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SBA Lenders for N. Providence Small Businesses

 

 
Loan Census SBA Loan Info

N. Providence, RI Entrepreneur Gets SBA Loan to Buy Tacone Franchise

Need money to buy a Tacone franchise? Comerica Bank has a history of making these loans and they are guaranteed by the SBA.

Tacone franchise loans are available to N. Providence, Rhode Island entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Comerica Bank, based in Long Beach, California, issued an SBA franchise loan for a Tacone franchise in 2005. We've got all the details on this Rhode Island small business loan.

SBA Loan Borrower

TACONE
N. PROVIDENCE, RI 02904

SBA Loan Lender

COMERICA BANK
301 E OCEAN BLVD, STE 102
LONG BEACH, CA 90802

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

12/29/2005

Loan Approval Gross Amount

$360,000

Loan Approval from the SBA

Of the total $360,000 loan amount, the SBA guaranteed $270,000.

More Information on This SBA Loan

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

Getting an SBA Loan For Your Business

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

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Comerica Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Tacone

Understanding Dilution

SBA Participating Banks in Long Beach, California

California SBA 7A Lenders