Loan to Buy Molly Maid Franchise Issued By Nittany Bank, A Division Of

Need money to purchase a Molly Maid franchise? Nittany Bank, A Division Of has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Molly Maid franchise? If so, here's a 2004 SBA franchise loan that you should know about. Nittany Bank, A Division Of was the lender and the entrepreneur was based in State College, Pennsylvania.

SBA Loan Borrower

MOLLY MAID
STATE COLLEGE, PA 16801

SBA Loan Lender

NITTANY BANK, A DIVISION OF
1900 S ATHERTON ST
STATE COLLEGE, PA 16801

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

541490 - Specialized Design Services

Loan Approval Date

8/20/2004

Loan Approval Gross Amount

$93,000

Loan Approval from the SBA

Of the total $93,000 loan amount, the SBA guaranteed $79,050.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Molly Maid franchise. At the time of the loan, the company had 11 employees. This SBA loan request did not indicate that the business promised to use the funding to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you need business start up money in State College PA, you ought to talk with a local State College SBA lender or talk with an out-of-area SBA lender that has previously loaned money to State College businesses.

We can help you find the best banks for small businesses in State College or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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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