Loan Census Banking News and Information
December 22, 2024  
 
 
  Business Loan Information  
 

Loans to Buy a Franchise in Maryland

 

 
Loan Census SBA Loan Info

Loan to Buy Maid Brigade Franchise Issued By Ncb, Fsb

Need a loan to buy a Maid Brigade franchise? Ncb, Fsb has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Maid Brigade franchise? If so, here's a 2002 SBA franchise loan that you should know about. Ncb, Fsb was the lender and the entrepreneur was based in Taylor's Island, Maryland.

SBA Loan Borrower

MAID BRIGADE OF THE EASTERN SH
TAYLOR'S ISLAND, MD 21669

SBA Loan Lender

NCB, FSB
139 S HIGH ST
HILLSBORO, OH 45133

This lender issued this particular loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7349 - Building Cleaning and Maintenance Services, N.E.C

NAICS Code

561720 - Janitorial Services

Loan Approval Date

11/14/2002

Loan Approval Gross Amount

$36,000

Loan Approval from the SBA

Of the total $36,000 loan amount, the SBA guaranteed $30,600.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Maid Brigade franchise. At the time of the loan, the company had 30 employees. The SBA loan documents did not indicate that the small business promised to use the funding to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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 Brigade

Dealing With Venture Capitalists

Small Business Banks in Hillsboro, Ohio

Ohio SBA 7A Banks