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May 4, 2024 |
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| Home > Small Business Lenders by State > Oklahoma Business Loan Sources > Purcell, Business Loans > Mcclain Bank Purcell Business Loans > Servpro Of Chickasha Loan | ||||
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Mcclain Bank Franchise Business Loans
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Loan to Buy Servpro Franchise Issued By Mcclain BankNeed money to purchase a Servpro franchise? Mcclain Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Blanchard, Oklahoma needed money to invest in a Servpro franchise back in 2002. Mcclain Bank issued an SBA franchise loan. Here are the details on this Oklahoma small business loan. SBA Loan Borrower SERVPRO OF CHICKASHA SBA Loan Lender MCCLAIN BANK This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 624230 - Emergency and Relief Services Loan Approval Date 12/27/2002 Loan Approval Gross Amount $105,000 Loan Approval from the SBA Of the total $105,000 loan amount, the SBA guaranteed $89,250. 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 2 employees. The SBA loan documents did not indicate that the small business planned to use the funding to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Mcclain Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: Small Bank Loans in Purcell, Oklahoma
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