Ankeny, IA Entrepreneur Gets SBA Loan to Buy Martinizing Dry Cleaning Franchise

Borrowing money to invest in a Martinizing Dry Cleaning franchise? First National Bank Ames, Iowa has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Martinizing Dry Cleaning franchise requires some effort but others before you have been successful. In 2006, First National Bank Ames, Iowa issued an SBA franchise loan to an entrepreneur in Ankeny, Iowa. Because Martinizing Dry Cleaning was registered with the SBA's registry of franchises, this Iowa small business loan was issued on an expedited basis.

SBA Loan Borrower

MARTINIZING DRY CLEANING
ANKENY, IA 50021

SBA Loan Lender

FIRST NATIONAL BANK AMES, IOWA
405 5TH ST
AMES, IA 50010

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide SBA small business loans to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812320 - Drycleaning and Laundry Services

Loan Approval Date

11/17/2006

Loan Approval Gross Amount

$52,800

Loan Approval from the SBA

Of the total $52,800 loan amount, the SBA guaranteed $44,880.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Martinizing Dry Cleaning franchise. At the time of the loan, the company had 3 employees. This SBA loan request did not indicate that the business planned to use the funding to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

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

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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.

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