Loans for Coin-Operated Laundries and Drycleaners
Looking for loans for coin-operated laundries and drycleaners? The SBA may be the answer. This $71,000 coin-operated laundries and drycleaners loan was issued by a California bank.
This company received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Wilshire State Bank, out of Los Angeles, California. The loan was granted and they received $71,000 to help grow their Los Angeles, California business.
SBA Loan Borrower
COMPANY TYPE: COIN-OPERATED LAUNDRIES AND DRYCLEANERS
LOS ANGELES, CA 90003
SBA Loan Lender
WILSHIRE STATE BANK
3200 WILSHIRE BLVD
LOS ANGELES, CA 90010
This lender processed this SBA loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
812310 - Coin-Operated Laundries and Drycleaners
Loan Approval Date
10/4/2004
Loan Approval Gross Amount
$71,000
Loan Approval from the SBA
Of the total $71,000 loan amount, the SBA guaranteed $35,500.
More Information on This SBA Loan
The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company
had 2 employees. The SBA loan documents indicated that the loan would help retain 2 existing jobs.
Great, But How Can I Get an SBA Loan for My Business?
SBA loans provide smart, affordable business financing for small businesses looking to expand.
If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Wilshire State Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.
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:
Business Line of Credit
Where to Get an SBA Loan in Los Angeles, California
SBA Lenders in California