Ohio Entrepreneur Secures Financing to Buy Molly Maid Franchise

Borrowing money to purchase a Molly Maid franchise? Seven Seventeen Cu Inc has a history of making these loans and they are guaranteed by the SBA.

If you live near Girard, Ohio and are interested in buying a Molly Maid franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2005 by Seven Seventeen Cu Inc. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

MOLLY MAID (J.L.D. CO., INC.)
GIRARD, OH 44420

SBA Loan Lender

SEVEN SEVENTEEN CU INC
3181 LARCHMONT AVE NE
WARREN, OH 44483

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.

NAICS Code

812990 - Personal Services

Loan Approval Date

4/6/2005

Loan Approval Gross Amount

$96,000

Loan Approval from the SBA

Of the total $96,000 loan amount, the SBA guaranteed $81,600.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Molly Maid franchise. At the time of the loan, the company had 16 employees. The loan application did not indicate that the company promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Seven Seventeen Cu Inc that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Molly Maid

Realistic Debt Financing Options

Small Business Banks in Warren, Ohio

Find an SBA Lender in Ohio