Loan to Buy Maids International Franchise Issued By Comerica Bank

Need a loan to buy a Maids International franchise? Comerica Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Maids International franchise is doable. In 2005, Comerica Bank issued an SBA franchise loan to an entrepreneur in Concord, California. Because Maids International was registered with the SBA's registry of franchises, this California small business loan was issued on an expedited basis.

SBA Loan Borrower

THE MAIDS
CONCORD, CA 94521

SBA Loan Lender

COMERICA BANK
1717 MAIN
DALLAS, TX 75201

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812990 - Personal Services

Loan Approval Date

3/29/2005

Loan Approval Gross Amount

$404,500

Loan Approval from the SBA

Of the total $404,500 loan amount, the SBA guaranteed $303,375.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Maids International franchise. At the time of the loan, the company had 21 employees. The SBA loan documents did not indicate that the business planned to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you are interested in getting money to start a business or need money for an existing business, an SBA loan can be a great source of funding.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $404,500 loan. Remember, if it to be, it is up to me!

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:

504 Loans

Small Bank Loans in Dallas, Texas

Browse All Business Loan Sources for Texas