Loans for Drycleaning and Laundry Services

Looking for loans for drycleaning and laundry services? Try the SBA. This $185,000 drycleaning and laundry services loan was issued by a Kansas bank.

Getting a small business loan in Independence, Kansas was important for this company back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Condon National Bank, operating out of Coffeyville, Kansas. Here are the details on this Kansas small business loan.

SBA Loan Borrower

COMPANY TYPE: DRYCLEANING PLANTS
INDEPENDENCE, KS 67301

SBA Loan Lender

CONDON NATIONAL BANK
814 WALNUT ST
COFFEYVILLE, KS 67337

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide small business loans to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7216 - Drycleaning Plants

NAICS Code

812320 - Drycleaning and Laundry Services

Loan Approval Date

5/24/2000

Loan Approval Gross Amount

$185,000

Loan Approval from the SBA

Of the total $185,000 loan amount, the SBA guaranteed $138,750.

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 10 employees. The loan application did not indicate that the SBA funding recipient planned to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans provide smart, affordable business financing for small businesses looking to expand.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Condon National Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Condon National Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Borrowing Money from Friends and Family

SBA 7A Lenders in Coffeyville, Kansas

Kansas SBA 7A Lenders