Rhode Island Entrepreneur Secures Financing to Buy Dream Dinners Franchise

Need money to buy a Dream Dinners franchise? Westerly Community Cu has a history of making these loans and they are guaranteed by the SBA.

Dream Dinners franchise loans are available to Westerly Name Ri, Rhode Island entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Westerly Community Cu, based in Westerly, Rhode Island, issued an SBA franchise loan for a Dream Dinners franchise in 2006. We've got all the details on this Rhode Island small business loan.

SBA Loan Borrower

DREAM DINNERS OF WESTERLY LLC
WESTERLY NAME RI, RI 02891

SBA Loan Lender

WESTERLY COMMUNITY CU
122 GRANITE ST
WESTERLY, RI 02891

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

445110 - Supermarkets and Grocery Stores

Loan Approval Date

11/24/2006

Loan Approval Gross Amount

$154,320

Loan Approval from the SBA

Of the total $154,320 loan amount, the SBA guaranteed $77,160.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Dream Dinners franchise. At the time of the loan, the company had only one employee. The SBA loan documents indicated that the loan would help create 2 new jobs.

Next Steps for Getting an SBA Loan

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

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 $154,320 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.

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