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April 27, 2024 |
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| Home > Small Business Lenders by State > Oregon Business Loan Sources > Cincinnati, Business Loans > U.S. Bank National Association Cincinnati Business Loans > Mr. Rooter Of Portland Loan | ||||
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Advice for Borrowing Money to Buy a Franchise
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U.S. Bank National Association Provides SBA Loan to Buy Mr. Rooter FranchiseBorrowing money to purchase a Mr. Rooter franchise? U.S. Bank National Association has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Oregon City, Oregon needed money to invest in a Mr. Rooter franchise back in 2006. U.S. Bank National Association issued an SBA franchise loan. Here are the details on this Oregon small business loan. SBA Loan Borrower MR. ROOTER OF PORTLAND SBA Loan Lender U.S. BANK NATIONAL ASSOCIATION This business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 238220 - Plumbing, Heating, and Air-Conditioning Contractors Loan Approval Date 7/11/2006 Loan Approval Gross Amount $598,000 Loan Approval from the SBA Of the total $598,000 loan amount, the SBA guaranteed $448,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Mr. Rooter franchise. At the time of the loan, the company had 30 employees. The loan application did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! If you need money to start a small business or need money for an existing business, an SBA loan can be a great source of funding. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like U.S. Bank National Association that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: Role of Business Plan When Raising Money SBA Participating Banks in Cincinnati, Ohio
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