Arizona Entrepreneur Secures Financing to Buy Servpro Franchise
Need money to invest in a Servpro franchise? Community So. Bank D.B.A Commun has a history of making these loans and they are guaranteed by the SBA.
Getting money to buy a Servpro franchise may simply require a phone call to a local SBA banker. In 2007, Community So. Bank D.B.A Commun issued an SBA franchise loan to an entrepreneur in Scottsdale, Arizona. Because Servpro was registered with the SBA's registry of franchises, this Arizona small business loan was issued on an expedited basis.
SBA Loan Borrower
OLOGY PROFESSIONAL SERVICS INC
SCOTTSDALE, AZ 85260
SBA Loan Lender
COMMUNITY SO. BANK D.B.A COMMUN
51 W MAIN ST
PARSONS, TN 38363
This lender provides SBA debt financing as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
236118 - Residential Remodelers
Loan Approval Date
1/11/2007
Loan Approval Gross Amount
$414,000
Loan Approval from the SBA
Of the total $414,000 loan amount, the SBA guaranteed $310,500.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was used to buy a Servpro franchise. At the time of the loan, the company
had 10 employees. This SBA loan request indicated that the loan would help retain 10 existing jobs.
Start the Process for Getting an SBA Loan Today!
SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.
This SBA loan was for $414,000. How would you spend $414,000 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.
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