Entrepreneur Works With Henderson, Nevada Bank to Get an SBA Loan
Thinking about meeting with a Henderson, Nevada bank about a small business loan? Here's one Kentucky business loan, issued by a Henderson bank, that was approved by the SBA.
Applying for an SBA loan with Washington Mutual Bank worked out well for our friends at one local firm in Louisville, Kentucky. They received an SBA loan for $265,500. Nice!
SBA Loan Borrower
COMPANY TYPE: COIN-OPERATED LAUNDRIES AND DRYCLEANING
LOUISVILLE, KY 40245
SBA Loan Lender
WASHINGTON MUTUAL BANK
2273 N GREEN VALLEY PKWY, STE
HENDERSON, NV 89014
Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.
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
1/21/2000
Loan Approval Gross Amount
$265,500
Loan Approval from the SBA
Of the total $265,500 loan amount, the SBA guaranteed $199,125.
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 3 employees. The SBA loan application for the borrower indicated that the loan would help generate 3 new jobs and retain 3 existing jobs.
Next Steps for Getting an SBA Loan
SBA loans provide money to small business owners for working capital for other expenses.
This SBA loan was for $265,500. How would you spend $265,500 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.
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:
Determining Proper Capital Structure for a Business
SBA Banks in Henderson, Nevada
Nevada SBA Banks