Borrowing Money for Coin-Operated Laundries and Drycleaners

Looking for loans for coin-operated laundries and drycleaners? An SBA loan may be just what you've been looking for. This $174,000 coin-operated laundries and drycleaners loan was issued by an Iowa bank.

This company received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Clarke County State Bank, out of Osceola, Iowa. The loan was granted and they received $174,000 to help grow their Des Moines, Iowa business.

SBA Loan Borrower

COMPANY TYPE: COIN-OPERATED LAUNDRIES AND DRYCLEANERS
DES MOINES, IA 50317

SBA Loan Lender

CLARKE COUNTY STATE BANK
139 S MAIN ST
OSCEOLA, IA 50213

This SBA small 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.

NAICS Code

812310 - Coin-Operated Laundries and Drycleaners

Loan Approval Date

4/19/2005

Loan Approval Gross Amount

$174,000

Loan Approval from the SBA

Of the total $174,000 loan amount, the SBA guaranteed $130,500.

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 3 employees. This SBA loan request did not indicate that the small business promised to use the funding to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

This SBA loan was for $174,000. How would you spend $174,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Strategic Investors

SBA Approved Banks in Osceola, Iowa

SBA Iowa Banks