Loan to Buy Sears Carpet & Upholstery Care Franchise Issued By U.S. Bank National Association

Need money to buy a Sears Carpet & Upholstery Care franchise? U.S. Bank National Association has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Sears Carpet & Upholstery Care franchise requires some effort but others before you have been successful. In 2005, U.S. Bank National Association issued an SBA franchise loan to an entrepreneur in Cincinnati, Ohio. Because Sears Carpet & Upholstery Care was registered with the SBA's registry of franchises, this Ohio small business loan was issued on an expedited basis.

SBA Loan Borrower

SEARS CARPET & UPHOISTERY CARE
CINCINNATI, OH 45242

SBA Loan Lender

U.S. BANK NATIONAL ASSOCIATION
425 WALNUT ST
CINCINNATI, OH 45202

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

561740 - Carpet and Upholstery Cleaning Services

Loan Approval Date

8/19/2005

Loan Approval Gross Amount

$237,000

Loan Approval from the SBA

Of the total $237,000 loan amount, the SBA guaranteed $177,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Sears Carpet & Upholstery Care franchise. At the time of the loan, the company had 11 employees. The SBA loan documents indicated that the loan would help generate 9 new jobs and retain 2 existing jobs.

Getting an SBA Loan For Your Business

SBA loans provide money to small business owners for working capital for other expenses.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $237,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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:

Sears Carpet & Upholstery Care, Inc.

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SBA Approved Banks in Cincinnati, Ohio

Ohio SBA Banks