Loan to Buy Sears Carpet & Upholstery Care Franchise Issued By Visions Fcu

Borrowing money to buy a Sears Carpet & Upholstery Care franchise? Visions Fcu has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Sears Carpet & Upholstery Care franchise may simply require a phone call to a local SBA banker. In 2007, Visions Fcu issued an SBA franchise loan to an entrepreneur in Cicero, New York. Because Sears Carpet & Upholstery Care was registered with the SBA's registry of franchises, this New York small business loan was issued on an expedited basis.

SBA Loan Borrower

DACO MANAGEMENT LLC
CICERO, NY 13039

SBA Loan Lender

VISIONS FCU
24 MCKINLEY AVE, 1 CREDIT UNI
ENDICOTT, NY 13760

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA business loan was issued via the SBA 7a lending 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

5/8/2007

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $85,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Sears Carpet & Upholstery Care franchise. At the time of the loan, the company had 5 employees. The SBA loan documents indicated that the loan would help create 5 new jobs.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $100,000 loan. Remember, where there is a will, there is a way!

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:

Sears Carpet & Upholstery Care, Inc.

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Small Business Banks in Endicott, New York

SBA New York Lenders