Loan to Buy Servpro Franchise Issued By Bizcapital Bidco II, LLC

Borrowing money to invest in a Servpro franchise? Bizcapital Bidco II, LLC has a history of making these loans and they are guaranteed by the SBA.

Servpro franchise loans are available to Holiday, Florida entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Bizcapital Bidco II, LLC, based in New Orleans, Louisiana, issued an SBA franchise loan for a Servpro franchise in 2005. We've got all the details on this Florida small business loan.

SBA Loan Borrower

SERVPRO OF CITRUS COUNTY
HOLIDAY, FL 34690

SBA Loan Lender

BIZCAPITAL BIDCO II, LLC
909 POYDRAS ST, SUITE 2230
NEW ORLEANS, LA 70112

This bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

561720 - Janitorial Services

Loan Approval Date

8/9/2005

Loan Approval Gross Amount

$85,000

Loan Approval from the SBA

Of the total $85,000 loan amount, the SBA guaranteed $72,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Servpro franchise. At the time of the loan, the company had 6 employees. This SBA loan request did not indicate that the business promised to use the loan proceeds to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Bizcapital Bidco II, LLC had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Bizcapital Bidco II, LLC made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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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SBA 7A Lenders in New Orleans, Louisiana

Louisiana SBA 7A Banks