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November 15, 2024 |
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| Home > Small Business Lenders by State > New Jersey Business Loan Sources > Los Angeles, Business Loans > Pacific City Bank Los Angeles Business Loans > Drycleaning And Laundry Services Loan | ||||
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Financing for Drycleaning and Laundry ServicesLooking for commercial loans for drycleaning and laundry services? The SBA may be the answer. This $420,000 drycleaning and laundry services loan was issued by a California bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Atlantic City, New Jersey was able to borrow $420,000 from Pacific City Bank. The SBA made the loan possible by guaranteeing $315,000 of this New Jersey small business loan. SBA Loan Borrower COMPANY TYPE: DRYCLEANING AND LAUNDRY SERVICES SBA Loan Lender PACIFIC CITY 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 812320 - Drycleaning and Laundry Services Loan Approval Date 7/12/2007 Loan Approval Gross Amount $420,000 Loan Approval from the SBA Of the total $420,000 loan amount, the SBA guaranteed $315,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 3 employees. This SBA loan request indicated that the loan would help retain 3 existing jobs. Next Steps for Getting an SBA Loan SBA loans provide smart, affordable business financing for small businesses looking to expand. 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. Related Links: SBA Participating Banks in Los Angeles, California
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