Pnc Bank, National Association Provides SBA Loan to Buy Servicemaster Franchise

Need money to invest in a Servicemaster franchise? Pnc Bank, National Association has a history of making these loans and they are guaranteed by the SBA.

If you live near Zion, Illinois and are interested in buying a Servicemaster franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2007 by Pnc Bank, National Association. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

LUTZ KEEGAN JANITORIAL SERVICES, INC. DBA
ZION, IL 60099

SBA Loan Lender

PNC BANK, NATIONAL ASSOCIATION
8800 TINICUM BLVD, 1ST FL, MA
PHILADELPHIA, PA 19153

This lender provides SBA small business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

561720 - Janitorial Services

Loan Approval Date

7/3/2007

Loan Approval Gross Amount

$344,500

Loan Approval from the SBA

Of the total $344,500 loan amount, the SBA guaranteed $258,375.

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 20 employees. The SBA loan application for the borrower indicated that the loan would help generate 21 new jobs and retain 21 existing jobs.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Pnc Bank, National Association 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.

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