Kentucky Entrepreneur Secures Financing to Buy Servicemaster Franchise

Need money to purchase a Servicemaster franchise? Fnb Bank, Inc. has a history of making these loans and they are guaranteed by the SBA.

Servicemaster franchise loans are available to Paducah, Kentucky entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Fnb Bank, Inc., based in Mayfield, Kentucky, issued an SBA franchise loan for a Servicemaster franchise in 2003. We've got all the details on this Kentucky small business loan.

SBA Loan Borrower

SERVICEMASTER
PADUCAH, KY 42001

SBA Loan Lender

FNB BANK, INC.
101 E BROADWAY ST
MAYFIELD, KY 42066

This lender issued this particular SBA bank loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7349 - Building Cleaning and Maintenance Services, N.E.C

NAICS Code

561720 - Janitorial Services

Loan Approval Date

8/22/2003

Loan Approval Gross Amount

$135,000

Loan Approval from the SBA

Of the total $135,000 loan amount, the SBA guaranteed $114,750.

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 55 employees. The SBA loan application for the borrower did not indicate that the company planned to use the money to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $135,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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.

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