Tierone Bank Provides SBA Loan to Buy Mr. Rooter Franchise

Need a loan to invest in a Mr. Rooter franchise? Tierone Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Mr. Rooter franchise is doable. In 2005, Tierone Bank issued an SBA franchise loan to an entrepreneur in Lincoln, Nebraska. Because Mr. Rooter was registered with the SBA's registry of franchises, this Nebraska small business loan was issued on an expedited basis.

SBA Loan Borrower

MR. ROOTER PLUMBING
LINCOLN, NE 68521

SBA Loan Lender

TIERONE BANK
1235 'N' ST
LINCOLN, NE 68508

This lender issued this particular SBA loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

238220 - Plumbing, Heating, and Air-Conditioning Contractors

Loan Approval Date

7/8/2005

Loan Approval Gross Amount

$55,000

Loan Approval from the SBA

Of the total $55,000 loan amount, the SBA guaranteed $46,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Mr. Rooter franchise. At the time of the loan, the company had 6 employees. The loan application did not indicate that the SBA funding recipient promised to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you have a business and need capital to get to the next level? 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.

Related Links:

Mr. Rooter Plumbing

Advice on Getting a Small Business Loan

SBA 7A Lenders in Lincoln, Nebraska

SBA Participating Banks in Nebraska