Loan to Buy Merry Maids Franchise Issued By Susquehanna Bank

Need money to buy a Merry Maids franchise? Susquehanna Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Hagerstown, Maryland needed money to invest in a Merry Maids franchise back in 2000. Susquehanna Bank issued an SBA franchise loan. Here are the details on this Maryland small business loan.

SBA Loan Borrower

MERRY MAIDS
HAGERSTOWN, MD 21740

SBA Loan Lender

SUSQUEHANNA BANK
10 W MAIN ST
WAYNESBORO, PA 17268

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7349 - Building Cleaning and Maintenance Services, N.E.C

NAICS Code

561730 - Landscaping Services

Loan Approval Date

12/26/2000

Loan Approval Gross Amount

$125,000

Loan Approval from the SBA

Of the total $125,000 loan amount, the SBA guaranteed $106,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Merry Maids franchise. At the time of the loan, the company had 30 employees. The SBA loan documents did not indicate that the business promised to use the money to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you need business start up money in Hagerstown MD, you ought to talk with a local Hagerstown SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Hagerstown businesses.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Susquehanna Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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.

Related Links:

Merry Maids, L.P.

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