Virginia Entrepreneur Secures Financing to Buy Maid To Perfection Franchise

Borrowing money to invest in a Maid To Perfection franchise? Banco Popular North America has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Sterling (census Name Sterling, Virginia needed money to invest in a Maid To Perfection franchise back in 2006. Banco Popular North America issued an SBA franchise loan. Here are the details on this Virginia small business loan.

SBA Loan Borrower

MAID TO PERFECTION
STERLING (CENSUS NAME STERLING, VA 20164

SBA Loan Lender

BANCO POPULAR NORTH AMERICA
7 W 51ST ST, BETWEEN 5TH & 6T
NEW YORK CITY, NY 10019

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

561720 - Janitorial Services

Loan Approval Date

9/19/2006

Loan Approval Gross Amount

$135,100

Loan Approval from the SBA

Of the total $135,100 loan amount, the SBA guaranteed $114,835.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Maid To Perfection franchise. At the time of the loan, the company had only one employee. The SBA loan documents indicated that the loan would help generate 7 new jobs and retain 8 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

Maid to Perfection Corporation

Alternative Financing

SBA Approved Banks in New York City, New York

New York SBA 7A Lenders