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November 21, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Garland, Business Loans > United Central Bank Garland Business Loans > Coin-Operated Laundries And Drycleaners Loan | ||||
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United Central Bank SBA 7A Loans
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Coin-Operated Laundries and Drycleaners LoansLooking for loans for coin-operated laundries and drycleaners? An SBA loan may be just what you've been looking for. This $347,000 coin-operated laundries and drycleaners loan was issued by a Texas bank. This small firm knew how to go about getting a business bank loan. Based in Arlington, Texas, they applied for and were awarded an SBA-guaranteed loan in 2008. The lending bank was United Central Bank, based in Garland, Texas. SBA Loan Borrower COMPANY TYPE: COIN-OPERATED LAUNDRIES AND DRYCLEANERS SBA Loan Lender UNITED CENTRAL BANK As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 812310 - Coin-Operated Laundries and Drycleaners Loan Approval Date 1/16/2008 Loan Approval Gross Amount $347,000 Loan Approval from the SBA Of the total $347,000 loan amount, the SBA guaranteed $260,250. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 4 employees. This SBA loan request indicated that the loan would help generate 2 new jobs and retain 6 existing jobs. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. United Central Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, United Central Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Who Lends Money to Small Businesses in Garland, Texas
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