Loan to Buy Merry Maids Franchise Issued By Premier Bank

Need money to invest in a Merry Maids franchise? Premier Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near Dubuque, Iowa and are interested in buying a Merry Maids franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2006 by Premier Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

MERRY MAIDS
DUBUQUE, IA 52003

SBA Loan Lender

PREMIER BANK
2625 NW ARTERIAL
DUBUQUE, IA 52002

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

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

561720 - Janitorial Services

Loan Approval Date

11/30/2006

Loan Approval Gross Amount

$112,500

Loan Approval from the SBA

Of the total $112,500 loan amount, the SBA guaranteed $95,625.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Merry Maids franchise. At the time of the loan, the company had 17 employees. This SBA loan request did not indicate that the company promised to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

This SBA loan was for $112,500. How would you spend $112,500 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:

Merry Maids, L.P.

Family and Friend Investors - Your First Financiers

Small Bank Loans in Dubuque, Iowa

SBA Iowa Lenders