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November 24, 2024  
 
 
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Where to Get an SBA Loan to Purchase a Franchise

 

 
Loan Census SBA Loan Info

Cleveland, OH Entrepreneur Gets SBA Loan to Buy Servicemaster Franchise

Need money to buy a Servicemaster franchise? Rbs Citizens has a history of making these loans and they are guaranteed by the SBA.

Servicemaster franchise loans are available to Cleveland, Ohio entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Rbs Citizens, based in Providence, Rhode Island, issued an SBA franchise loan for a Servicemaster franchise in 2004. We've got all the details on this Ohio small business loan.

SBA Loan Borrower

DISASTER RESTORATION MANAGEMEN
CLEVELAND, OH 44143

SBA Loan Lender

RBS CITIZENS
ONE CITIZENS PLAZA
PROVIDENCE, RI 02903

This SBA bank loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

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

811412 - Appliance Repair and Maintenance

Loan Approval Date

10/19/2004

Loan Approval Gross Amount

$75,000

Loan Approval from the SBA

Of the total $75,000 loan amount, the SBA guaranteed $37,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Servicemaster franchise. At the time of the loan, the company had 9 employees. This SBA loan request indicated that the loan would help retain 9 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

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

This SBA loan was for $75,000. How would you spend $75,000 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:

ServiceMaster Clean

Getting a Small Business Loan

Banks in Providence, Rhode Island

Rhode Island SBA Banks