Borrow Money to Buy a Servpro Franchise

Borrowing money to invest in a Servpro franchise? Rbs Citizens has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Servpro franchise requires some effort but others before you have been successful. In 2006, Rbs Citizens issued an SBA franchise loan to an entrepreneur in North Haven, Connecticut. Because Servpro was registered with the SBA's registry of franchises, this Connecticut small business loan was issued on an expedited basis.

SBA Loan Borrower

JAMES YOUNG COMPANY,INC.
NORTH HAVEN, CT 06473

SBA Loan Lender

RBS CITIZENS
800 POST RD
WARWICK, RI 02888

This debt financing was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

562910 - Remediation Services

Loan Approval Date

9/25/2006

Loan Approval Gross Amount

$2,000,000

Loan Approval from the SBA

Of the total $2,000,000 loan amount, the SBA guaranteed $1,500,000.

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 40 employees. The loan application did not indicate that the SBA funding recipient 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 provide money to small business owners for working capital for other expenses.

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:

ServPro

Attracting Investors

SBA Banks in Warwick, Rhode Island

Getting an SBA Loan in Rhode Island