Loan Census Banking News and Information
April 25, 2024  
 
 
  Business Loan Information  
 

I Need an SBA 7A Loan to Buy a Franchise in New London, Connecticut

 

 
Loan Census SBA Loan Info

Connecticut Entrepreneur Secures Financing to Buy We The People Forms And Service Ctr. Franchise

Borrowing money to buy a We The People Forms And Service Ctr. franchise? Bank Of America has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a We The People Forms And Service Ctr. franchise? If so, here's a 2004 SBA franchise loan that you should know about. Bank Of America was the lender and the entrepreneur was based in New London, Connecticut.

SBA Loan Borrower

JAROSA,INC. DBA WE THE PEOPLE
NEW LONDON, CT 06320

SBA Loan Lender

BANK OF AMERICA
111 WESTMINSTER ST
PROVIDENCE, RI 02903

This lender processed this SBA loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

561439 - Business Service Centers

Loan Approval Date

10/28/2004

Loan Approval Gross Amount

$17,500

Loan Approval from the SBA

Of the total $17,500 loan amount, the SBA guaranteed $8,750.

More Information on This SBA Loan

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

Next Steps for Getting an SBA Loan

If you need money to start business in New London CT, you ought to talk with a local New London SBA lender or talk with an out-of-area SBA lender that has previously loaned money to New London businesses.

This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer 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:

We the People Legal Document Services

Angel Investors

Small Bank Loans in Providence, Rhode Island

Getting an SBA Loan in Rhode Island