Borrow Money to Buy a Jani-King janitor's Service Franchise

Borrowing money to purchase a Jani-King janitor's Service franchise? Banco Popular North America has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Jani-King janitor's Service franchise shouldn't be too tough. In 2006, Banco Popular North America issued an SBA franchise loan to an entrepreneur in Albuquerque, New Mexico. Because Jani-King janitor's Service was registered with the SBA's registry of franchises, this New Mexico small business loan was issued on an expedited basis.

SBA Loan Borrower

JANI-KING OF NEW MEXICO
ALBUQUERQUE, NM 87107

SBA Loan Lender

BANCO POPULAR NORTH AMERICA
7 W 51ST ST, BETWEEN 5TH & 6T
NEW YORK CITY, NY 10019

This lender provides SBA loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

561720 - Janitorial Services

Loan Approval Date

6/20/2006

Loan Approval Gross Amount

$579,000

Loan Approval from the SBA

Of the total $579,000 loan amount, the SBA guaranteed $434,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Jani-King janitor's Service franchise. At the time of the loan, the company had 7 employees. The SBA loan documents indicated that the loan would help generate 1 new job and retain 8 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

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

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Banco Popular North America so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Jani-King International, Inc.

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SBA New York Lenders