United States

Receivable Factoring

	Bad Credit - OKAY
	Invoice Factoring
	No Personal Guaranty

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Equipment Leasing

	Purchase New Equipment
	Refinance Existing Equipment
	100% Financing

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Receivable Financing

	Generous Credit Lines
	Invoice Finance
	Invoice Discounting

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Reverse Mortgage

	Reverse Mortgage Lender
	Reverse Mortgage Loan
	FHA Reverse Mortgage

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Business Loans Rhode Island

Our loans may be used for start-up, expansion, equipment purchases, working capital, inventory, franchise, business acquisition or real-estate acquisition. Perfect for SBA Startup, Home Based and Small Business loans in Rhode Island RI. At Franklin Financial Company, we work with companies seeking to get a small business loan. Our areas of expertise include, SBA Loans, SBA CAPLines, Account Receivable Financing, Factoring Accounts Receivable, Purchase Order Financing, Inventory Loans, Equipment Loans, Equipment Leases and Commercial Real Estate secured loans.

If we can't finance your request, chances are it can't be financed!

Franklin’s Accounts Receivable Financing program enables companies to draw upon their receivables prior to actual payment being received. If your business invoices other companies for products or services and would benefit by speeding up your cash flow, then we should talk.

SBA Loan Requirements	Unsecured Business Loan	Business Credit Line	SBA 7a	SBA 504 Commercial Loan	Receivable Financing	Purchase Order Financing
Application Fees	No	No	No	No	No	No
Personal Guarantee	Possibly	Possibly	Possibly	Possibly	Yes	Yes
Collateral	No	No	Possibly	Land & Improvements	Accounts Receivable	Purchase Orders
Age of Business	New Business Okay	2 year minimum	New Business Okay	New Business Okay	New Business Okay	New Business Okay
Funding Amounts	$5,000 - $150,000	$150,000 - $5 million	up to $5 million	up to $10 million	90% of Receivables	90% of P.O.
Time to Funding	14 - 30 Days	1 - 2 Months	30 Days	45 Days	3 Days	3 Days
Credit Score Required	600+	600+	600+	600+	N/A	N/A
Interest Rates	9.99% to 19.99%	Prime Rate + 2-6%	Prime Rate + 2%	Index + Treasury Rate	Prime Rate + 3-6%	Prime Rate + 3-6%

Our typical clients:
Short time in business.
Have some operating losses.
Have some personal credit issues.
Have been turned down by bank(s) for bank financing.
Have SBA / Bank loans not large enough to support growth.
Financial ratios not in-line for traditional line of credit.
Are currently with finance or factoring company.
Are turn-around businesses showing at least one quarter of profitability and projections to continue quarterly profitability.
We provide businesses these types of financial requests:
Business Credit Line
Asset Based Loans
Small Business Loans
Commercial Business Loans
Account Receivable Lines of Credit
Factoring of Receivables
Purchase Order Financing
Inventory Lines of Credit
Equipment Lending and Leasing Services

Leverage the Network now and allow our highly sought after Direct lenders to compete for your business. Competition breeds improvement - which saves you money!

How a Rhode Island small business can get a SBA Loan
The SBA offers numerous loan programs to assist businesses; although the actual lending is done by approved SBA lenders, participating banks and private and commercial financial institutions like us. We offer small business owners all types of business loans in Rhode Island RI. Our loan programs are guaranteed in part by the United States Small Business Administration (SBA).
SBA 504 Rhode Island
At Franklin Financial Company, we work with Rhode Island companies that want to apply for a 504 SBA business loan. Our commercial loan application packages include both the 1st & 2nd mortgages you require. We take a very flexible approach to credit analysis. We specialize in assisting new Rhode Island companies, rapidly growing companies, turn-around companies and those with special financial challenges that may prevent qualifying for commercial bank financing under traditional lending criteria. Allow us to offer and create a loan program to provide you access to capital as we have done for other entrepreneurs who cannot qualify for conventional commercial loans.
7a Loan Rhode Island
The SBA 7(a) loan is the most widely used Small Business Administration financing in Rhode Island. The SBA 7a can be used for personal property and real property and purchase as well as refinance options.

Receive a 504 or 7a Loan Today!
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SBA in Rhode Island

SBA Rhode Island

Rhode Island SBA Office
380 Westminster Street , Room 511
Providence , RI 02903
(401) 528-4561