Empire Bank Provides SBA Loan to Buy Servpro Franchise

Need money to invest in a Servpro franchise? Empire Bank has a history of making these loans and they are guaranteed by the SBA.

Servpro franchise loans are available to Springfield, Missouri entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Empire Bank, based in Springfield, Missouri, issued an SBA franchise loan for a Servpro franchise in 2005. We've got all the details on this Missouri small business loan.

SBA Loan Borrower

SERVPRO OF SPRINGFIELD/GREENE
SPRINGFIELD, MO 65802

SBA Loan Lender

EMPIRE BANK
1800 S GLENSTONE
SPRINGFIELD, MO 65804

This lender issued this SBA small business loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

561740 - Carpet and Upholstery Cleaning Services

Loan Approval Date

10/27/2005

Loan Approval Gross Amount

$200,000

Loan Approval from the SBA

Of the total $200,000 loan amount, the SBA guaranteed $150,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Servpro franchise. At the time of the loan, the company had 21 employees. This SBA loan request did not indicate that the business promised to use the funding to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans provide money to small business owners for working capital for other expenses.

This SBA loan was for $200,000. How would you spend $200,000 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:

ServPro

Business Credit Evaluation

Good Banks for Small Business in Springfield, Missouri

Browse All Business Loan Sources for Missouri