Borrowing Money for Drycleaning and Laundry Services

Looking for small business loans for drycleaning and laundry services? An SBA loan may be just what you've been looking for. This $86,859 drycleaning and laundry services loan was issued by an Oklahoma bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Enid, Oklahoma was able to borrow $86,859 from Central National Bank & Trust - Enid. The SBA made the loan possible by guaranteeing $73,830 of this Oklahoma small business loan.

SBA Loan Borrower

COMPANY TYPE: DRYCLEANING AND LAUNDRY SERVICES
ENID, OK 73701

SBA Loan Lender

CENTRAL NATIONAL BANK & TRUST - ENID
324 W BROADWAY
ENID, OK 73701

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

5/12/2006

Loan Approval Gross Amount

$86,859

Loan Approval from the SBA

Of the total $86,859 loan amount, the SBA guaranteed $73,830.

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 14 employees. This SBA loan request did not indicate that the company promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

This SBA loan was for $86,859. How would you spend $86,859 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:

Understanding Dilution

SBA 7A Banks in Enid, Oklahoma

Oklahoma SBA 7A Lenders