Loan to Buy Aire Serv h&ac Franchise Issued By National City Bank

Need a loan to purchase an Aire Serv h&ac franchise? National City Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy an Aire Serv h&ac franchise? If so, here's a 2002 SBA franchise loan that you should know about. National City Bank was the lender and the entrepreneur was based in Mooresville, Indiana.

SBA Loan Borrower

RANDY SMITH INC
MOORESVILLE, IN 46158

SBA Loan Lender

NATIONAL CITY BANK
101 W WASHINGTON ST # 100 E
INDIANAPOLIS, IN 46255

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

235110 - Plumbing, Heating, and Air Conditioning Contractors

Loan Approval Date

5/31/2002

Loan Approval Gross Amount

$170,700

Loan Approval from the SBA

Of the total $170,700 loan amount, the SBA guaranteed $128,025.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy an Aire Serv h&ac franchise. At the time of the loan, the company had 17 employees. This SBA loan request indicated that the loan would help retain 17 existing jobs.

Getting an SBA Loan For Your Business

Remember, you 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.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Aire Serv Heating and Air Conditioning, Inc.

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