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May 3, 2024 |
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| Home > Small Business Lenders by State > Rhode Island Business Loan Sources > Rockland, Business Loans > Rockland Trust Company Rockland Business Loans > Js2 Entertainment LLC Loan | ||||
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Rhode Island Small Business Funding for Franchises
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Rhode Island Entrepreneur Secures Financing to Buy Monster Mini Golf FranchiseNeed money to buy a Monster Mini Golf franchise? Rockland Trust Company has a history of making these loans and they are guaranteed by the SBA. Monster Mini Golf franchise loans are available to Warren (town Of), Rhode Island entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Rockland Trust Company, based in Rockland, Massachusetts, issued an SBA franchise loan for a Monster Mini Golf franchise in 2007. We've got all the details on this Rhode Island small business loan. SBA Loan Borrower JS2 ENTERTAINMENT LLC SBA Loan Lender ROCKLAND TRUST COMPANY This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. 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 713990 - Amusement and Recreation Industries Loan Approval Date 12/11/2007 Loan Approval Gross Amount $225,000 Loan Approval from the SBA Of the total $225,000 loan amount, the SBA guaranteed $112,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Monster Mini Golf franchise. At the time of the loan, the company had 6 employees. The SBA loan documents indicated that the loan would help create 6 new jobs. Getting an SBA Loan For Your Business SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: Best Banks in Rockland, Massachusetts
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