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
PROVIDENCE, RI 02909
SBA Loan Lender
BANK RHODE ISLAND
ONE TURKS HEAD PLACE
PROVIDENCE, RI 02903
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 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.
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