Borrow Money to Buy a Superior Cleaner cleaning Service Franchise

Need a loan to purchase a Superior Cleaner cleaning Service franchise? City Bank New Mexico has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Superior Cleaner cleaning Service franchise may simply require a phone call to a local SBA banker. In 2004, City Bank New Mexico issued an SBA franchise loan to an entrepreneur in Ruidoso, New Mexico. Because Superior Cleaner cleaning Service was registered with the SBA's registry of franchises, this New Mexico small business loan was issued on an expedited basis.

SBA Loan Borrower

SUPERIOR CARPET CARE INC
RUIDOSO, NM 88355

SBA Loan Lender

CITY BANK NEW MEXICO
1096 MECHEM DR
RUIDOSO, NM 88345

This lender issued this particular SBA 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.

NAICS Code

561740 - Carpet and Upholstery Cleaning Services

Loan Approval Date

2/9/2004

Loan Approval Gross Amount

$60,000

Loan Approval from the SBA

Of the total $60,000 loan amount, the SBA guaranteed $51,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Superior Cleaner cleaning Service franchise. At the time of the loan, the company had 3 employees. The loan application did not indicate that the business planned to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like City Bank New Mexico that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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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