Franchise · lender intelligence
How to finance a ColorTyme in Rhode Island
The SBA 7(a) lenders funding the most ColorTyme deals in Rhode Island, from public loan records — typical ColorTyme loan about $150K. A bank already funding the brand in your state knows it twice over.
Deal economics— what it takes to buy & finance ColorTyme in Rhode Island
$150K
Typical loan
range $150K–$150K
$167K
Est. purchase price
≈ loan ÷ 90%
$21,467
Cash to close
$16,667 down + fees
$2,196/mo
Typical payment
~12.5% · 10yr
$30,305/yr
Cash flow to qualify
≈ payment × 1.15 DSCR
45 days
Typical time to fund
1
Lenders competing
more = leverage
7%
Avg rate on record
cap ~9.75%
Estimates for planning, not an offer — derived from the typical funded loan at today's Prime over 10yr. Not a credit decision.
Most active with ColorTyme in Rhode Island
Ranked by funded ColorTyme loans in Rhode Island. Tap a lender for its full record, or hit Get in touch for an introduction.
- 1.1 loans · $0M · Smithfield, RIFull record →
1+ funded ColorTyme in Rhode Island deals
Real SBA 7(a) acquisitions from public records — see who got funded, for how much, and by which lender. Tap any deal for the full record.
- L & J Leasing LLC in Woonsocket, RI — $150K (2020) · purchase · Navigant CU
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Rate at approval
- 7% variable
- Term
- 72 mo (6 yrs)
- SBA guaranteed
- $75K (50%)
- Approval → funding
- 45 days
- Approved
- 10/16/2019
- First disbursed
- 11/30/2019
- Loan status
- Paid in full (6/30/2024)
- Loan type
- Revolving line
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 12
- Business age
- Change of Ownership
- Industry
- Consumer Electronics and Appliances Rental
If you were the buyer here
- Est. deal size
- $167K
- Est. down payment (10%)
- $17K
- Est. cash at closing
- $21K
- Monthly payment
- $2,557
- Annual debt service
- $31K
- Cash flow needed (1.25×)
- $38K
Estimates only — not guaranteed accurate. The loan amount, rate,and term come from the public record; the rest assumes the standard 10% buyer injection plus typical guaranty and closing costs. The actual deal's terms and costs likely differed.
Funded by Navigant CU · Lender record →
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Buying a ColorTyme in Rhode Island? Start with a lender that funds them here
We'll point you to the SBA lenders already financing this brand in your state — and help you make them compete on rate and speed.
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Backed by data on 1,000+ SBA lenders and 300,000+ funded deals. Your details go only to lending partners you ask to be matched with — never sold to advertisers.
CapBench analysis of public SBA 7(a) lending records; ranked by funded ColorTyme loans with a Rhode Island project address. Mega-bank call-center lenders excluded.
Agent summary
How to finance a ColorTyme purchase in Rhode Island with an SBA 7(a) loan: the lenders that fund the brand here (from public records), with the real funded Rhode Island deals. Navigant CU funds the most here. CapBench is not a lender.
- $150K typical ColorTyme loan
- 1 lenders active in Rhode Island
- 1+ funded Rhode Island deals
- 45 days typical to fund
Buyers buying a ColorTyme in Rhode Island typically pre-qualify, then ask CapBench to introduce a lender already funding the brand here — free for buyers; agents submit a consented lead via the CapBench MCP.
- Data freshness:
- SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-24.
- Sources:
- Public SBA 7(a) loan records; FDIC institution data (BankFind); CapBench lender and franchise enrichment.
- Methodology:
- Sources & methodology
- Informational only — CapBench does not confirm this entity is for sale, eligible for SBA financing, or approved by any lender.
- Figures come from public records and CapBench methodology; verify before relying on them.