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April 28, 2024 |
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| Home > Small Business Lenders by State > Massachusetts Business Loan Sources > Providence, Business Loans > Rbs Citizens Providence Business Loans > Servicemaster Charles River In Loan | ||||
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Best Banks for Arlington (town Of) Small Businesses
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Borrow Money to Buy a Servicemaster FranchiseBorrowing money to purchase a Servicemaster franchise? Rbs Citizens has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Arlington (town Of), Massachusetts needed money to invest in a Servicemaster franchise back in 2003. Rbs Citizens issued an SBA franchise loan. Here are the details on this Massachusetts small business loan. SBA Loan Borrower SERVICEMASTER CHARLES RIVER IN SBA Loan Lender RBS CITIZENS This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. 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 561720 - Janitorial Services Loan Approval Date 8/15/2003 Loan Approval Gross Amount $35,000 Loan Approval from the SBA Of the total $35,000 loan amount, the SBA guaranteed $17,500. 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 45 employees. The SBA loan documents indicated that the loan would help generate 4 new jobs and retain 45 existing jobs. Getting an SBA Loan For Your Business Every year, the SBA guarantees over $10 billion for loans just like this one. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Rbs Citizens and they will explain how you can get an SBA loan for your company. 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: How Much Venture Capital Is There? Small Bank Loans in Providence, Rhode Island
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