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April 28, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Rock Valley, Business Loans > Peoples Bank Rock Valley Business Loans > Ttvm, Inc. Loan | ||||
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I Need an SBA Loan to Buy a Franchise in Sioux Center, Iowa
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Peoples Bank Provides SBA Loan to Buy Servicemaster FranchiseBorrowing money to buy a Servicemaster franchise? Peoples Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Sioux Center, Iowa needed money to invest in a Servicemaster franchise back in 2005. Peoples Bank issued an SBA franchise loan. Here are the details on this Iowa small business loan. SBA Loan Borrower TTVM, INC. SBA Loan Lender PEOPLES 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 561740 - Carpet and Upholstery Cleaning Services Loan Approval Date 5/6/2005 Loan Approval Gross Amount $81,000 Loan Approval from the SBA Of the total $81,000 loan amount, the SBA guaranteed $68,850. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Servicemaster franchise. At the time of the loan, the company had 3 employees. The loan application did not indicate that the company promised to use the funding 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. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Peoples Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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 Rock Valley, Iowa
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