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May 1, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Corona, Business Loans > Vineyard Bank Corona Business Loans > Maid Brigade Of San Diego Inc Loan | ||||
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Requirements for Getting a Franchise Loan
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San Diego, CA Entrepreneur Gets SBA Loan to Buy Maid Brigade FranchiseNeed money to invest in a Maid Brigade franchise? Vineyard Bank has a history of making these loans and they are guaranteed by the SBA. Maid Brigade franchise loans are available to San Diego, California entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Vineyard Bank, based in Corona, California, issued an SBA franchise loan for a Maid Brigade franchise in 2003. We've got all the details on this California small business loan. SBA Loan Borrower MAID BRIGADE OF SAN DIEGO INC SBA Loan Lender VINEYARD BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 561720 - Janitorial Services Loan Approval Date 5/1/2003 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Maid Brigade franchise. At the time of the loan, the company had 24 employees. The loan application did not indicate that the company promised to use the loan proceeds to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business 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. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Vineyard Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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: Obtaining Funding - Getting Venture Capital Small Business Banks in Corona, California
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