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November 14, 2024 |
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| Home > Small Business Lenders by State > Nebraska Business Loan Sources > Omaha, Business Loans > Pinnacle Bank Omaha Business Loans > Jan-Pro Of Omaha, Inc. Loan | ||||
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Pinnacle Bank Franchise Business Loans
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Omaha, NE Entrepreneur Gets SBA Loan to Buy Jan-Pro Cleaning Systems FranchiseNeed money to invest in a Jan-Pro Cleaning Systems franchise? Pinnacle Bank has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Jan-Pro Cleaning Systems franchise? If so, here's a 2002 SBA franchise loan that you should know about. Pinnacle Bank was the lender and the entrepreneur was based in Omaha, Nebraska. SBA Loan Borrower JAN-PRO OF OMAHA, INC. SBA Loan Lender PINNACLE BANK This was a Low Documentation SBA loan. The SBA created this program to minimize the paperwork associated with appliying for an SBA loan . The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 561720 - Janitorial Services Loan Approval Date 10/7/2002 Loan Approval Gross Amount $110,000 Loan Approval from the SBA Of the total $110,000 loan amount, the SBA guaranteed $93,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Jan-Pro Cleaning Systems franchise. At the time of the loan, the company had 7 employees. The SBA loan application for the borrower did not indicate that the company promised to use the loan proceeds to add employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Pinnacle Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: Borrowing Money from Friends and Family Best Omaha, Nebraska Banks for Small Business
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