Borrow Money to Buy a Molly Maid Franchise
Need money to buy a Molly Maid franchise? Tennessee Business & Indust Devel has a history of making these loans and they are guaranteed by the SBA.
An entrepreneur in Bartlett, Tennessee needed money to invest in a Molly Maid franchise back in 2005. Tennessee Business & Indust Devel issued an SBA franchise loan. Here are the details on this Tennessee small business loan.
SBA Loan Borrower
MOLLY MAID OF MEMPHIS
BARTLETT, TN 38134
SBA Loan Lender
TENNESSEE BUSINESS & INDUST DEVEL
1301 E. WOOD STREET, P.O. BOX
PARIS, TN 37402
As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
561720 - Janitorial Services
Loan Approval Date
3/11/2005
Loan Approval Gross Amount
$140,000
Loan Approval from the SBA
Of the total $140,000 loan amount, the SBA guaranteed $119,000.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was used to buy a Molly Maid franchise. At the time of the loan, the company
had 10 employees. The SBA loan documents indicated that the loan would help retain 10 existing jobs.
Great, But How Can I Get an SBA Loan for My Business?
SBA loans provide smart, affordable business financing for small businesses looking to expand.
If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Tennessee Business & Indust Devel 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:
Molly Maid
Borrowing Money from Friends and Family
Find an SBA Lender in Paris, Tennessee
Tennessee SBA Bank Lenders