Grand Rapids, MN Entrepreneur Gets SBA Loan to Buy Servicemaster Franchise

Borrowing money to invest in a Servicemaster franchise? Woodland Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Servicemaster franchise? If so, here's a 2004 SBA franchise loan that you should know about. Woodland Bank was the lender and the entrepreneur was based in Grand Rapids, Minnesota.

SBA Loan Borrower

PROFICIENT CLEANERS INC
GRAND RAPIDS, MN 55744

SBA Loan Lender

WOODLAND BANK
315 MAIN AVE
DEER RIVER, MN 56636

The lender provided this SBA small business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

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

561740 - Carpet and Upholstery Cleaning Services

Loan Approval Date

5/17/2004

Loan Approval Gross Amount

$200,000

Loan Approval from the SBA

Of the total $200,000 loan amount, the SBA guaranteed $100,000.

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 3 employees. The SBA loan application for the borrower indicated that the funding would help create 2 new jobs.

Start the Process for Getting an SBA Loan Today!

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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.

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