Loan Census Banking News and Information
November 23, 2024  
 
 
  Business Loan Information  
 

SBA 7A Banks in Nebraska

 

 
Loan Census SBA Loan Info

Loan to Buy Maids the Franchise Issued By Business Loan Center, LLC

Need a loan to purchase a Maids the franchise? Business Loan Center, LLC has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Lincoln, Nebraska needed money to invest in a Maids the franchise back in 2000. Business Loan Center, LLC issued an SBA franchise loan. Here are the details on this Nebraska small business loan.

SBA Loan Borrower

THE MAIDS
LINCOLN, NE 68502

SBA Loan Lender

BUSINESS LOAN CENTER, LLC
11711 ARBOR ST, STE. 240
OMAHA, NE 68144

This lender issued this particular loan for a small business 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.

SIC Code

7217 - Carpet and Upholstery Cleaning

NAICS Code

561740 - Carpet and Upholstery Cleaning Services

Loan Approval Date

1/31/2000

Loan Approval Gross Amount

$84,000

Loan Approval from the SBA

Of the total $84,000 loan amount, the SBA guaranteed $67,200.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Maids the franchise. At the time of the loan, the company had 24 employees. The loan application did not indicate that the SBA funding recipient planned to use the money to increase staffing levels or retain any existing employees.

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

Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

This SBA loan was for $84,000. How would you spend $84,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Accountant's Role in Securing Financing

SBA Approved Banks in Omaha, Nebraska

SBA Participating Banks in Nebraska