Loan to Buy Servpro Franchise Issued By Lake Sunapee Bank, Fsb

Need a loan to invest in a Servpro franchise? Lake Sunapee Bank, Fsb has a history of making these loans and they are guaranteed by the SBA.

Servpro franchise loans are available to Lebanon, New Hampshire entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Lake Sunapee Bank, Fsb, based in Newport, New Hampshire, issued an SBA franchise loan for a Servpro franchise in 2004. We've got all the details on this New Hampshire small business loan.

SBA Loan Borrower

SERVPRO OF LEBANON/HANOVER
LEBANON, NH 03766

SBA Loan Lender

LAKE SUNAPEE BANK, FSB
9 MAIN ST
NEWPORT, NH 03773

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

8/4/2004

Loan Approval Gross Amount

$124,800

Loan Approval from the SBA

Of the total $124,800 loan amount, the SBA guaranteed $93,600.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Servpro franchise. At the time of the loan, the company had 14 employees. The SBA loan application for the borrower did not indicate that the business promised to use the money to add employees or retain any existing employees.

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.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $124,800 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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:

ServPro

Realistic Debt Financing Options

Good Banks for Small Business in Newport, New Hampshire

Getting a Business Loan in New Hampshire