Bridge Bank Provides SBA Loan to Buy Coverall cleaning & Janitorial Franchise

Need money to invest in a Coverall cleaning & Janitorial franchise? Bridge Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Carpinteria, California needed money to invest in a Coverall cleaning & Janitorial franchise back in 2005. Bridge Bank issued an SBA franchise loan. Here are the details on this California small business loan.

SBA Loan Borrower

MELTON FRANCHISE SYSTEMS INC
CARPINTERIA, CA 93013

SBA Loan Lender

BRIDGE BANK
55 ALMADEN BLVD
SAN JOSE, CA 95113

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

541990 - Professional, Scientific, and Technical Services

Loan Approval Date

2/4/2005

Loan Approval Gross Amount

$611,000

Loan Approval from the SBA

Of the total $611,000 loan amount, the SBA guaranteed $458,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Coverall cleaning & Janitorial franchise. At the time of the loan, the company had 33 employees. The loan application indicated that the loan would help generate 4 new jobs and retain 33 existing jobs.

Start the Process for Getting an SBA Loan Today!

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

This SBA loan was for $611,000. How would you spend $611,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Coverall Cleaning Concepts

Obtaining Funding - How to Borrow Money

SBA 7A Banks for San Jose, California Loans

Getting a Business Loan in California