How to Get a Loan for Janitorial Services

With these SBA loans for janitorial services, the SBA guarantees the lender that the loan will be repaid. This janitorial services loan for $139,200 was given to a Minnesota entrepreneur in 2002.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Apple Valley, Minnesota was able to borrow $139,200 from Associated Bank. The SBA made the loan possible by guaranteeing $118,320 of this Minnesota small business loan.

SBA Loan Borrower

COMPANY TYPE: JANITORIAL SERVICES
APPLE VALLEY, MN 66124

SBA Loan Lender

ASSOCIATED BANK
740 MARQUETTE AVE
MINNEAPOLIS, MN 55402

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

561720 - Janitorial Services

Loan Approval Date

7/1/2002

Loan Approval Gross Amount

$139,200

Loan Approval from the SBA

Of the total $139,200 loan amount, the SBA guaranteed $118,320.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 14 employees. This SBA loan request indicated that the loan would help generate 2 new jobs and retain 16 existing jobs.

Next Steps for Getting an SBA Loan

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Associated Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Associated Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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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