Small Business Loans for Drycleaning and Laundry Services

With these small business loans for drycleaning and laundry services, the SBA guarantees the lender that the loan will be repaid. This drycleaning and laundry services loan for $202,532 was given to a New Mexico entrepreneur in 2002.

Getting a small business loan in Clovis, New Mexico was important for this growing firm back in 2002 and, based on their loan application, they were successful in getting an SBA loan from James Polk Stone National Bank, operating out of Clovis, New Mexico. Here are the details on this New Mexico small business loan.

SBA Loan Borrower

COMPANY TYPE: DRYCLEANING AND LAUNDRY SERVICES
CLOVIS, NM 88101

SBA Loan Lender

JAMES POLK STONE NATIONAL BANK
901 COLONIAL PKWY
CLOVIS, NM 88101

This bank 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.

NAICS Code

812320 - Drycleaning and Laundry Services

Loan Approval Date

11/29/2002

Loan Approval Gross Amount

$202,532

Loan Approval from the SBA

Of the total $202,532 loan amount, the SBA guaranteed $151,899.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 9 employees. This SBA loan request did not indicate that the company promised to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you are working on finding money to start a business in Clovis NM, you ought to talk with a local Clovis SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Clovis businesses.

We can help you find the best banks for small businesses in Clovis or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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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Accountant's Role in Securing Financing

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