How to Get a Loan for Drycleaning and Laundry Services
Looking for business loans for drycleaning and laundry services? An SBA loan may be just what you've been looking for. This $1,900,000 drycleaning and laundry services loan was issued by a New Jersey bank.
This business received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Woori America Bank, out of Fort Lee, New Jersey. The loan was granted and they received $1,900,000 to help grow their Arlington, Virginia business.
SBA Loan Borrower
COMPANY TYPE: DRYCLEANING AND LAUNDRY SERVICES
ARLINGTON, VA 22201
SBA Loan Lender
WOORI AMERICA BANK
183 MAIN ST
FORT LEE, NJ 07024
The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide debt financing to American small businesses.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
812320 - Drycleaning and Laundry Services
Loan Approval Date
4/19/2006
Loan Approval Gross Amount
$1,900,000
Loan Approval from the SBA
Of the total $1,900,000 loan amount, the SBA guaranteed $1,425,000.
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 25 employees. This SBA loan request did not indicate that the company planned to use the funding to add employees or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.
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.
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