Borrow Money to Buy a Servpro Franchise
Need money to invest in a Servpro franchise? Sovereign Bank has a history of making these loans and they are guaranteed by the SBA.
An entrepreneur in Stoughton (town Of), Massachusetts needed money to invest in a Servpro franchise back in 2003. Sovereign Bank issued an SBA franchise loan. Here are the details on this Massachusetts small business loan.
SBA Loan Borrower
TMF INC
STOUGHTON (TOWN OF), MA 02072
SBA Loan Lender
SOVEREIGN BANK
533 WASHINGTON ST
ABINGTON, MA 02351
This 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
811490 - Personal and Household Goods Repair and Maintenance
Loan Approval Date
8/19/2003
Loan Approval Gross Amount
$50,000
Loan Approval from the SBA
Of the total $50,000 loan amount, the SBA guaranteed $25,000.
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 10 employees. The loan application indicated that the loan would help retain 10 existing jobs.
Getting an SBA Loan For Your Business
If you are raising money in Stoughton (town Of) MA, you ought to talk with a local Stoughton (town Of) SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Stoughton (town Of) businesses.
If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Sovereign Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.
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
The Art of Bootstrapping
SBA Approved Banks in Abington, Massachusetts
Browse All Business Loan Sources for Massachusetts