Borrow Money to Buy an Aire Serv h&ac Franchise

Borrowing money to invest in an Aire Serv h&ac franchise? Bank Of The Cascades has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy an Aire Serv h&ac franchise shouldn't be too tough. In 2002, Bank Of The Cascades issued an SBA franchise loan to an entrepreneur in Nampa, Idaho. Because Aire Serv h&ac was registered with the SBA's registry of franchises, this Idaho small business loan was issued on an expedited basis.

SBA Loan Borrower

AIRE-MASTER OF THE GEM STATE L
NAMPA, ID 83686

SBA Loan Lender

BANK OF THE CASCADES
112 2ND ST SOUTH
NAMPA, ID 83651

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

561720 - Janitorial Services

Loan Approval Date

10/21/2002

Loan Approval Gross Amount

$87,200

Loan Approval from the SBA

Of the total $87,200 loan amount, the SBA guaranteed $74,120.

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 only one employee. The SBA loan application for the borrower did not indicate that the company planned to use the loan proceeds to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

Although it's called an SBA loan, 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.

This SBA loan was for $87,200. How would you spend $87,200 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:

Aire Serv Heating and Air Conditioning, Inc.

The Friends and Family Network

Small Bank Loans in Nampa, Idaho

Getting an SBA Loan in Idaho