Laredo, Texas Lender Lends Money to Drycleaning And Laundry Services Company

Get to know Laredo, Texas banks that specialize in SBA loans and know how to work with entrepreneurs. Falcon International Bank is one such bank, as evidenced by this SBA loan to a growing company.

Finding a small business loan in Laredo, Texas starts with an understanding of who else has gotten loans in the area. In this case, a local firm received funding from Falcon International Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: DRYCLEANING AND LAUNDRY SERVICES
LAREDO, TX 78045

SBA Loan Lender

FALCON INTERNATIONAL BANK
204 BOB BULLOCK LOOP
LAREDO, TX 78041

This lender issued this loan for a small business under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812320 - Drycleaning and Laundry Services

Loan Approval Date

6/15/2007

Loan Approval Gross Amount

$351,683

Loan Approval from the SBA

Of the total $351,683 loan amount, the SBA guaranteed $263,762.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. The SBA loan documents indicated that the borrowed money would help generate 3 new jobs.

Getting an SBA Loan For Your Business

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

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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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