Loan Census Banking News and Information
November 21, 2024  
 
 
  Business Loan Information  
 

California Small Business Funding for Franchises

 

 
Loan Census SBA Loan Info

Agoura Hills, CA Entrepreneur Gets SBA Loan to Buy Molly Maid Franchise

Borrowing money to invest in a Molly Maid franchise? Bank Of America has a history of making these loans and they are guaranteed by the SBA.

Molly Maid franchise loans are available to Agoura Hills, California entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Bank Of America, based in Charlotte, North Carolina, issued an SBA franchise loan for a Molly Maid franchise in 2001. We've got all the details on this California small business loan.

SBA Loan Borrower

MOLLY MAID OF CONJEO VALLEY
AGOURA HILLS, CA 91301

SBA Loan Lender

BANK OF AMERICA
100 N TRYON ST
CHARLOTTE, NC 28255

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

561720 - Janitorial Services

Loan Approval Date

12/3/2001

Loan Approval Gross Amount

$280,000

Loan Approval from the SBA

Of the total $280,000 loan amount, the SBA guaranteed $210,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Molly Maid franchise. At the time of the loan, the company had 25 employees. The SBA loan documents indicated that the loan would help retain 25 existing jobs.

Start the Process for Getting an SBA Loan Today!

Many small businesses receive loans backed by the U.S. Small Business Administration.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Bank Of America that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Molly Maid

Role of Business Plan When Raising Money

Best Banks for Small Business in Charlotte, North Carolina

Getting an SBA Loan in North Carolina