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May 12, 2024 |
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| Home > Small Business Lenders by State > Maine Business Loan Sources > Providence, Business Loans > Bank Of America Providence Business Loans > Servpro Of Lewiston Auburn Loan | ||||
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Best Banks for Lewiston, Maine Entrepreneurs
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Maine Entrepreneur Secures Financing to Buy Servpro FranchiseNeed money to invest in a Servpro franchise? Bank Of America has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Servpro franchise shouldn't be too tough. In 2000, Bank Of America issued an SBA franchise loan to an entrepreneur in Lewiston, Maine. Because Servpro was registered with the SBA's registry of franchises, this Maine small business loan was issued on an expedited basis. SBA Loan Borrower SERVPRO OF LEWISTON AUBURN SBA Loan Lender BANK OF AMERICA This loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 561720 - Janitorial Services Loan Approval Date 12/4/2000 Loan Approval Gross Amount $25,000 Loan Approval from the SBA Of the total $25,000 loan amount, the SBA guaranteed $12,500. 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 15 employees. The loan application indicated that the loan would help retain 15 existing jobs. Next Steps for Getting an SBA Loan The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Find an SBA Lender in Providence, Rhode Island
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