Florida Entrepreneur Secures Financing to Buy 1 800 Got Junk Franchise

Need money to invest in a 1 800 Got Junk franchise? Bank Of America has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a 1 800 Got Junk franchise shouldn't be too tough. In 2005, Bank Of America issued an SBA franchise loan to an entrepreneur in Clearwater, Florida. Because 1 800 Got Junk was registered with the SBA's registry of franchises, this Florida small business loan was issued on an expedited basis.

SBA Loan Borrower

CLEAN CITY, LLC
CLEARWATER, FL 33756

SBA Loan Lender

BANK OF AMERICA
100 N TRYON ST
CHARLOTTE, NC 28255

The lender provided this bank loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

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

562111 - Solid Waste Collection

Loan Approval Date

2/9/2005

Loan Approval Gross Amount

$28,400

Loan Approval from the SBA

Of the total $28,400 loan amount, the SBA guaranteed $14,200.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a 1 800 Got Junk franchise. At the time of the loan, the company had 3 employees. This SBA loan request indicated that the loan would help generate 3 new jobs and retain 3 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Bank Of America and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

1-800-GOT-JUNK?

Banking Deregulation's Effects on Entrepreneurship

Best Banks in Charlotte, North Carolina

Getting an SBA Loan in North Carolina