Warwick (rr Name Apponaug), RI Entrepreneur Gets SBA Loan to Buy East Coast Baseball & Athletic Devel Franchise
Need money to purchase an East Coast Baseball & Athletic Devel franchise? Sovereign Bank has a history of making these loans and they are guaranteed by the SBA.
Want to borrow money to buy an East Coast Baseball & Athletic Devel franchise? If so, here's a 2004 SBA franchise loan that you should know about. Sovereign Bank was the lender and the entrepreneur was based in Warwick (rr Name Apponaug), Rhode Island.
SBA Loan Borrower
EAST COAST BASEBALL & ATHLETIC
WARWICK (RR NAME APPONAUG), RI 02888
SBA Loan Lender
1130 BERKSHIRE BLVD
WYOMISSING, PA 19610
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.
721214 - Recreational and Vacation Camps
Loan Approval Date
Loan Approval Gross Amount
Loan Approval from the SBA
Of the total $100,000 loan amount, the SBA guaranteed $50,000.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was used to buy an East Coast Baseball & Athletic Devel franchise. At the time of the loan, the company
had 2 employees. The SBA loan documents indicated that the loan would help generate 5 new jobs and retain 5 existing jobs.
Getting an SBA Loan For Your Business
SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.
Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $100,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?
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.
The Art of Bootstrapping
Where to Get an SBA Loan in Wyomissing, Pennsylvania
Browse All Business Loan Sources for Pennsylvania