Bank Of America Provides SBA Loan to Buy Cleaning Authority the Franchise
Borrowing money to purchase a Cleaning Authority the franchise? Bank Of America has a history of making these loans and they are guaranteed by the SBA.
Cleaning Authority the franchise loans are available to Bellmore, New York entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Bank Of America, based in Providence, Rhode Island, issued an SBA franchise loan for a Cleaning Authority the franchise in 2003. We've got all the details on this New York small business loan.
SBA Loan Borrower
THE CLEANING AUTHORITY
BELLMORE, NY 11710
SBA Loan Lender
BANK OF AMERICA
111 WESTMINSTER ST
PROVIDENCE, RI 02903
This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
561720 - Janitorial Services
Loan Approval Date
9/24/2003
Loan Approval Gross Amount
$63,000
Loan Approval from the SBA
Of the total $63,000 loan amount, the SBA guaranteed $31,500.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was used to buy a Cleaning Authority the franchise. At the time of the loan, the company
had 12 employees. The loan application indicated that the loan would help retain 12 existing jobs.
Next Steps for Getting an SBA Loan
SBA loans provide smart, affordable business financing for small businesses looking to expand.
We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.
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:
Alternative Financing
SBA 7A Banks for Providence, Rhode Island Loans
Rhode Island SBA 7A Banks