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November 15, 2024 |
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| Home > Small Business Lenders by State > Tennessee Business Loan Sources > Johnson City, Business Loans > First Commun Bank Johnson City Business Loans > Power Laundries, Family And Commercial Loan | ||||
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What Does It Take to Get a Business Loan in Johnson City, Tennessee?
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Drycleaning and Laundry Services Commercial LoansLooking for commercial loans for drycleaning and laundry services? Try the SBA. This $300,000 drycleaning and laundry services loan was issued by a Tennessee bank. This business knew how to go about getting a business bank loan. Based in Johnson City, Tennessee, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was First Commun Bank, based in Johnson City, Tennessee. SBA Loan Borrower COMPANY TYPE: POWER LAUNDRIES, FAMILY AND COMMERCIAL SBA Loan Lender FIRST COMMUN BANK The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide SBA small business loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7211 - Power Laundries, Family and Commercial NAICS Code 812320 - Drycleaning and Laundry Services Loan Approval Date 11/3/2005 Loan Approval Gross Amount $300,000 Loan Approval from the SBA Of the total $300,000 loan amount, the SBA guaranteed $225,000. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 22 employees. This SBA loan request did not indicate that the small business planned to use the loan proceeds to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans provide smart, affordable business financing for small businesses looking to expand. We can help you find the best banks for small businesses in Johnson City or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: SBA Banks in Johnson City, Tennessee Getting an SBA Loan in Tennessee
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