Minnesota Entrepreneur Secures Financing to Buy Servicemaster Franchise

Need a loan to purchase a Servicemaster franchise? Minnwest Bank Luverne has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Luverne, Minnesota needed money to invest in a Servicemaster franchise back in 2002. Minnwest Bank Luverne issued an SBA franchise loan. Here are the details on this Minnesota small business loan.

SBA Loan Borrower

SERVICE MASTER OF LUVERNE
LUVERNE, MN 56156

SBA Loan Lender

MINNWEST BANK LUVERNE
116 E MAIN
LUVERNE, MN 56156

This lender issued this particular SBA business 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.

SIC Code

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

NAICS Code

561720 - Janitorial Services

Loan Approval Date

10/17/2002

Loan Approval Gross Amount

$56,000

Loan Approval from the SBA

Of the total $56,000 loan amount, the SBA guaranteed $47,600.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Servicemaster franchise. At the time of the loan, the company had 7 employees. This SBA loan request did not indicate that the small 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 are wondering how to raise money for a company in Luverne MN, you ought to talk with a local Luverne SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Luverne businesses.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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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