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May 3, 2024 |
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| Home > Small Business Lenders by State > Rhode Island Business Loan Sources > Cranston, Business Loans > Coastway Cu Cranston Business Loans > Rooterman Of Rhode Island Loan | ||||
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Requirements for Financing a Franchise
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Rhode Island Entrepreneur Secures Financing to Buy Rooterman FranchiseBorrowing money to invest in a Rooterman franchise? Coastway Cu has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Rooterman franchise? If so, here's a 2004 SBA franchise loan that you should know about. Coastway Cu was the lender and the entrepreneur was based in Pawtucket, Rhode Island. SBA Loan Borrower ROOTERMAN OF RHODE ISLAND SBA Loan Lender COASTWAY CU This lender provides SBA debt financing as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 238220 - Plumbing, Heating, and Air-Conditioning Contractors Loan Approval Date 12/17/2004 Loan Approval Gross Amount $155,000 Loan Approval from the SBA Of the total $155,000 loan amount, the SBA guaranteed $116,250. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Rooterman franchise. At the time of the loan, the company had 6 employees. The SBA loan application for the borrower indicated that the loan would help retain 6 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. 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: Small Bank Loans in Cranston, Rhode Island
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