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April 28, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Santa Rosa, Business Loans > Sterling Savings Bank Santa Rosa Business Loans > Service Master Loan | ||||
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Advice for Getting a Franchise Loan
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Borrow Money to Buy a Servicemaster FranchiseNeed a loan to buy a Servicemaster franchise? Sterling Savings Bank has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Servicemaster franchise? If so, here's a 2001 SBA franchise loan that you should know about. Sterling Savings Bank was the lender and the entrepreneur was based in Citrus Heights, California. SBA Loan Borrower SERVICE MASTER SBA Loan Lender STERLING SAVINGS BANK This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 561740 - Carpet and Upholstery Cleaning Services Loan Approval Date 6/27/2001 Loan Approval Gross Amount $318,000 Loan Approval from the SBA Of the total $318,000 loan amount, the SBA guaranteed $238,500. 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 7 employees. The SBA loan application for the borrower indicated that the loan would help generate 7 new jobs and retain 7 existing jobs. Great, But How Can I Get an SBA Loan for My Business? For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: Best Banks for Small Business in Santa Rosa, California
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