Loan Census Banking News and Information
March 26, 2023  
  Business Loan Information  

Requirements for Getting a Franchise Loan


Loan Census SBA Loan Info

Borrow Money to Buy a Purosystems Franchise

Borrowing money to invest in a Purosystems franchise? Bank Rhode Island has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Providence, Rhode Island needed money to invest in a Purosystems franchise back in 2007. Bank Rhode Island issued an SBA franchise loan. Here are the details on this Rhode Island small business loan.

SBA Loan Borrower


SBA Loan Lender


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

SBA Loan Program Type

This loan was issued as a general business loan.


561740 - Carpet and Upholstery Cleaning Services

Loan Approval Date


Loan Approval Gross Amount


Loan Approval from the SBA

Of the total $10,000 loan amount, the SBA guaranteed $8,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Purosystems franchise. At the time of the loan, the company had only one employee. The SBA loan documents indicated that the loan would help generate 1 new job and retain 1 existing job.

Getting an SBA Loan For Your Business

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

We can help you find the best banks for small businesses in Providence or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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 news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. 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:

Obtaining Funding - Getting Venture Capital

Best Providence, Rhode Island Banks for Small Business

Rhode Island SBA 7A Banks