Seattle, WA Entrepreneur Gets SBA Loan to Buy Mr. Handyman Franchise

Need money to buy a Mr. Handyman franchise? Seattle Economic Devel Fund Db has a history of making these loans and they are guaranteed by the SBA.

Mr. Handyman franchise loans are available to Seattle, Washington entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Seattle Economic Devel Fund Db, based in Seattle, Washington, issued an SBA franchise loan for a Mr. Handyman franchise in 2005. We've got all the details on this Washington small business loan.

SBA Loan Borrower

BERKWITT ENTERPRISES, INC. DBA
SEATTLE, WA 98103

SBA Loan Lender

SEATTLE ECONOMIC DEVEL FUND DB
1437 SOUTH JACKSON, SUITE 302
SEATTLE, WA 98144

This SBA small business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

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

541990 - Professional, Scientific, and Technical Services

Loan Approval Date

3/4/2005

Loan Approval Gross Amount

$81,000

Loan Approval from the SBA

Of the total $81,000 loan amount, the SBA guaranteed $40,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Mr. Handyman franchise. At the time of the loan, the company had 3 employees. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 5 existing jobs.

Next Steps for Getting an SBA Loan

Every year, the SBA guarantees over $10 billion for loans just like this one.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $81,000 loan. Remember, where there is a will, there is a way!

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:

Mr. Handyman

How to Raise Money

Where to Get an SBA Loan in Seattle, Washington

SBA Participating Banks in Washington