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November 15, 2024  
 
 
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Business Loans for Riviera Beach Businesses

 

 
Loan Census SBA Loan Info

Borrow Money to Buy a Duraclean Rug Franchise

Need a loan to invest in a Duraclean Rug franchise? Ameribank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Riviera Beach, Florida needed money to invest in a Duraclean Rug franchise back in 2005. Ameribank issued an SBA franchise loan. Here are the details on this Florida small business loan.

SBA Loan Borrower

DURACLEAN RESTORATION & REMEDI
RIVIERA BEACH, FL 33404

SBA Loan Lender

AMERIBANK
8895 N MILITARY TRAIL, STE 10
PALM BEACH GARDENS, FL 33410

This lender processed this loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

562910 - Remediation Services

Loan Approval Date

8/16/2005

Loan Approval Gross Amount

$320,000

Loan Approval from the SBA

Of the total $320,000 loan amount, the SBA guaranteed $160,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Duraclean Rug franchise. At the time of the loan, the company had 30 employees. The SBA loan documents indicated that the loan would help generate 8 new jobs and retain 8 existing jobs.

Next Steps for Getting an SBA Loan

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

This SBA loan was for $320,000. How would you spend $320,000 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:

Duraclean International, Inc.

Strategic Investors

Find an SBA Lender in Palm Beach Gardens, Florida

Getting an SBA Loan in Florida