Clements, MD Entrepreneur Gets SBA Loan to Buy Duraclean Rug Franchise

Need a loan to purchase a Duraclean Rug franchise? Community Bank Of Tri-County has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Duraclean Rug franchise? If so, here's a 2003 SBA franchise loan that you should know about. Community Bank Of Tri-County was the lender and the entrepreneur was based in Clements, Maryland.

SBA Loan Borrower

DURACLEAN RESTORATION SERVICE
CLEMENTS, MD 20624

SBA Loan Lender

COMMUNITY BANK OF TRI-COUNTY
3035 LEONARDTOWN RD
WALDORF, MD 20601

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7217 - Carpet and Upholstery Cleaning

NAICS Code

561740 - Carpet and Upholstery Cleaning Services

Loan Approval Date

7/18/2003

Loan Approval Gross Amount

$64,000

Loan Approval from the SBA

Of the total $64,000 loan amount, the SBA guaranteed $54,400.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Duraclean Rug franchise. At the time of the loan, the company had 2 employees. The loan application did not indicate that the SBA funding recipient promised to use the funding to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

If you want money for new small business in Clements MD, you ought to talk with a local Clements SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Clements businesses.

We can help you find the best banks for small businesses in Clements or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Duraclean International, Inc.

Accountant's Role in Securing Financing

SBA Approved Banks in Waldorf, Maryland

SBA Lenders in Maryland