Drycleaning and Laundry Services Loans
Looking for loans for drycleaning and laundry services? An SBA loan may be just what you've been looking for. This $216,000 drycleaning and laundry services loan was issued by a bank.
This company received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Banco Popular De Puerto Rico, out of San Juan, . The loan was granted and they received $216,000 to help grow their Carolina, business.
SBA Loan Borrower
COMPANY TYPE: POWER LAUNDRIES, FAMILY AND COMMERCIAL
CAROLINA, PR 00985
SBA Loan Lender
BANCO POPULAR DE PUERTO RICO
209 MUNOZ RIVERA AVE, POPULAR
SAN JUAN, PR 00918
This business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
7211 - Power Laundries, Family and Commercial
NAICS Code
812320 - Drycleaning and Laundry Services
Loan Approval Date
9/28/2005
Loan Approval Gross Amount
$216,000
Loan Approval from the SBA
Of the total $216,000 loan amount, the SBA guaranteed $162,000.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company
had 3 employees. The loan application did not indicate that the small business planned to use the funding to increase staffing levels or retain any existing employees.
Great, But How Can I Get an SBA Loan for My Business?
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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