The Fidelity Bank Provides SBA Loan to Buy Molly Maid Franchise

Need a loan to invest in a Molly Maid franchise? The Fidelity Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Greensboro, North Carolina needed money to invest in a Molly Maid franchise back in 2004. The Fidelity Bank issued an SBA franchise loan. Here are the details on this North Carolina small business loan.

SBA Loan Borrower

MOLLY MAID OF NORTHERN GUILFOR
GREENSBORO, NC 27405

SBA Loan Lender

THE FIDELITY BANK
237 E MAIN
GIBSONVILLE, NC 27249

This was a Low Documentation SBA loan. The SBA launched this program to reduce the paperwork associated with appliying for an SBA loan . The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

561720 - Janitorial Services

Loan Approval Date

9/8/2004

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Molly Maid franchise. At the time of the loan, the company had 12 employees. This SBA loan request did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Many small businesses receive loans backed by the U.S. Small Business Administration.

We can help you find the best banks for small businesses in Greensboro 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.

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