Youngstown, OH Entrepreneur Gets SBA Loan to Buy Servicemaster Franchise

Need a loan to invest in a Servicemaster franchise? First National Bank - Pennsylvania has a history of making these loans and they are guaranteed by the SBA.

If you live near Youngstown, Ohio and are interested in buying a Servicemaster franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2001 by First National Bank - Pennsylvania. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

SERVICEMASTER A+ CLEANING SERV
YOUNGSTOWN, OH 44512

SBA Loan Lender

FIRST NATIONAL BANK - PENNSYLVANIA
ONE FEDERAL PLZ WEST
YOUNGSTOWN, OH 44503

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.

SIC Code

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

NAICS Code

561720 - Janitorial Services

Loan Approval Date

9/19/2001

Loan Approval Gross Amount

$24,000

Loan Approval from the SBA

Of the total $24,000 loan amount, the SBA guaranteed $20,400.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Servicemaster franchise. At the time of the loan, the company had 104 employees. The loan application did not indicate that the business planned to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

We can help you find the best banks for small businesses in Youngstown 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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