Commerce National Bank Provides SBA Loan to Buy Martinizing Dry Cleaning Franchise

Need money to buy a Martinizing Dry Cleaning franchise? Commerce National Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near Dublin, Ohio and are interested in buying a Martinizing Dry Cleaning franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2004 by Commerce National Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

MARTINIZING DRY CLEANING
DUBLIN, OH 43016

SBA Loan Lender

COMMERCE NATIONAL BANK
3650 OLENTANGY RIVER RD, STE
COLUMBUS, OH 43214

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

812320 - Drycleaning and Laundry Services

Loan Approval Date

7/12/2004

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $50,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Martinizing Dry Cleaning franchise. At the time of the loan, the company had 7 employees. The SBA loan documents indicated that the funding would help generate 5 new jobs.

Getting an SBA Loan For Your Business

If you have been wondering how do i get money to start a business in Dublin OH, you ought to talk with a local Dublin SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Dublin businesses.

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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