Loan Census Banking News and Information
November 15, 2024  
 
 
  Business Loan Information  
 

Where to Get a Small Business Loan to Purchase a Franchise

 

 
Loan Census SBA Loan Info

Warner Robins, GA Entrepreneur Gets SBA Loan to Buy Servpro Franchise

Borrowing money to invest in a Servpro franchise? Security Bank - Houston Cnty has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Servpro franchise may simply require a phone call to a local SBA banker. In 2004, Security Bank - Houston Cnty issued an SBA franchise loan to an entrepreneur in Warner Robins, Georgia. Because Servpro was registered with the SBA's registry of franchises, this Georgia small business loan was issued on an expedited basis.

SBA Loan Borrower

SERVPRO OF CENTRAL GEORGIA, A
WARNER ROBINS, GA 31088

SBA Loan Lender

SECURITY BANK - HOUSTON CNTY
302 RICHARD RUSSELL PKWY
WARNER ROBINS, GA 31088

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

561720 - Janitorial Services

Loan Approval Date

3/23/2004

Loan Approval Gross Amount

$78,300

Loan Approval from the SBA

Of the total $78,300 loan amount, the SBA guaranteed $66,555.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Servpro franchise. At the time of the loan, the company had 5 employees. This SBA loan request did not indicate that the business planned to use the money to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

If you are working on finding money to start a business in Warner Robins GA, you ought to talk with a local Warner Robins SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Warner Robins businesses.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $78,300 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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

Banking Deregulation's Effects on Entrepreneurship

SBA 7A Lenders in Warner Robins, Georgia

SBA Lenders in Georgia