Grimes, IA Entrepreneur Gets SBA Loan to Buy Service Team Of Professionals Franchise

Need money to buy a Service Team Of Professionals franchise? Bank Iowa has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Service Team Of Professionals franchise? If so, here's a 2007 SBA franchise loan that you should know about. Bank Iowa was the lender and the entrepreneur was based in Grimes, Iowa.

SBA Loan Borrower

SERVICE TEAM OF PROFESSIONALS
GRIMES, IA 50111

SBA Loan Lender

BANK IOWA
1150 JORDAN CREEK PKWY
WEST DES MOINES, IA 50266

The lender provided this bank 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

4/16/2007

Loan Approval Gross Amount

$15,000

Loan Approval from the SBA

Of the total $15,000 loan amount, the SBA guaranteed $7,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Service Team Of Professionals franchise. At the time of the loan, the company had 12 employees. The loan application indicated that the loan would help generate 1 new job and retain 12 existing jobs.

Getting an SBA Loan For Your Business

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

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Bank Iowa so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Service Team of Professionals

Obtaining Funding - Friends and Family

Small Business Banks in West Des Moines, Iowa

Getting an SBA Loan in Iowa