Business Loans for Drycleaning and Laundry Services

Looking for business loans for drycleaning and laundry services? The SBA may be the answer. This $1,324,000 drycleaning and laundry services loan was issued by a Texas bank.

Getting a small business loan in Decatur, Texas was important for this small business back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Plainscapital Bank, operating out of Weatherford, Texas. Here are the details on this Texas small business loan.

SBA Loan Borrower

COMPANY TYPE: DRYCLEANING AND LAUNDRY SERVICES
DECATUR, TX 76234

SBA Loan Lender

PLAINSCAPITAL BANK
1001 SANTA FE DR
WEATHERFORD, TX 76086

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This business loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812320 - Drycleaning and Laundry Services

Loan Approval Date

6/11/2007

Loan Approval Gross Amount

$1,324,000

Loan Approval from the SBA

Of the total $1,324,000 loan amount, the SBA guaranteed $993,000.

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 23 employees. This SBA loan request indicated that the loan would help retain 23 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $1,324,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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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