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April 26, 2024 |
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| Home > Small Business Lenders by State > Idaho Business Loan Sources > Pocatello, Business Loans > Ireland Bank Pocatello Business Loans > Heaven's Best Carpet Cleaning Loan | ||||
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Requirements for Financing a Franchise
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Ireland Bank Provides SBA Loan to Buy Heaven's Best FranchiseNeed money to buy a Heaven's Best franchise? Ireland Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Chubbuck, Idaho needed money to invest in a Heaven's Best franchise back in 2001. Ireland Bank issued an SBA franchise loan. Here are the details on this Idaho small business loan. SBA Loan Borrower HEAVEN'S BEST CARPET CLEANING SBA Loan Lender IRELAND BANK This was a Low Documentation SBA loan. The SBA created this program to minimize the paperwork associated with appliying for an SBA loan . The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 561740 - Carpet and Upholstery Cleaning Services Loan Approval Date 8/21/2001 Loan Approval Gross Amount $25,700 Loan Approval from the SBA Of the total $25,700 loan amount, the SBA guaranteed $21,845. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Heaven's Best franchise. At the time of the loan, the company had 4 employees. The loan application did not indicate that the business promised to use the money to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? If you need money to start a business or already have a business and need money to expand, an SBA loan can be a great way to raise money This SBA loan was for $25,700. How would you spend $25,700 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Heaven's Best Carpet/Uphol. Cleaning Banking Deregulation's Effects on Entrepreneurship Browse All Business Loan Sources for Idaho
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