Warwick, RI Entrepreneur Gets SBA Loan to Buy Signs By Tomorrow Franchise

Borrowing money to buy a Signs By Tomorrow franchise? Bank Rhode Island has a history of making these loans and they are guaranteed by the SBA.

If you live near Warwick, Rhode Island and are interested in buying a Signs By Tomorrow franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2003 by Bank Rhode Island. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

SIGNS BY TOMORROW
WARWICK, RI 02886

SBA Loan Lender

BANK RHODE ISLAND
ONE TURKS HEAD PLACE
PROVIDENCE, RI 02903

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3993 - Signs and Advertising Specialties

NAICS Code

339950 - Sign Manufacturing

Loan Approval Date

9/29/2003

Loan Approval Gross Amount

$105,100

Loan Approval from the SBA

Of the total $105,100 loan amount, the SBA guaranteed $89,335.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Signs By Tomorrow franchise. At the time of the loan, the company had only one employee. This SBA loan request did not indicate that the company planned to use the funding to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

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

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Bank Rhode Island and they will explain how you can get an SBA loan for your company.

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:

Signs By Tomorrow

Dealing With Venture Capitalists

Small Business Banks in Providence, Rhode Island

SBA Rhode Island Banks