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December 20, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Fort Walton Beach, Business Loans > Beach Community Bank Fort Walton Beach Business Loans > Coin-Operated Laundries And Drycleaning Loan | ||||
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Tips for Entrepreneurs On Getting a Loan
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Coin-Operated Laundries and Drycleaners Business LoansLooking for business loans for coin-operated laundries and drycleaners? The SBA may be the answer. This $70,000 coin-operated laundries and drycleaners loan was issued by a Florida bank. This business received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Beach Community Bank, out of Fort Walton Beach, Florida. The loan was granted and they received $70,000 to help grow their Ft.Walton Beach, Florida business. SBA Loan Borrower COMPANY TYPE: COIN-OPERATED LAUNDRIES AND DRYCLEANING SBA Loan Lender BEACH COMMUNITY BANK This was a Low Documentation SBA loan. The SBA launched this program to reduce the paperwork associated with borrowing money. The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7215 - Coin-Operated Laundries and Drycleaning NAICS Code 812310 - Coin-Operated Laundries and Drycleaners Loan Approval Date 12/21/2001 Loan Approval Gross Amount $70,000 Loan Approval from the SBA Of the total $70,000 loan amount, the SBA guaranteed $59,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. The loan application did not indicate that the company promised to use the funding to add employees or retain any existing employees. Getting an SBA Loan For Your Business Every year, the SBA guarantees over $10 billion for loans just like this one. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $70,000 loan. Remember, if it to be, it is up to me! 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: Find an SBA Lender in Fort Walton Beach, Florida
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