Raising Money for Carpet and Upholstery Cleaning Services

Looking for business loans for carpet and upholstery cleaning services? An SBA loan may be just what you've been looking for. This $83,600 carpet and upholstery cleaning services loan was issued by a Texas bank.

This small business knew how to go about getting a business bank loan. Based in Midland, Texas, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was Security State Bank, based in Midland, Texas.

SBA Loan Borrower

COMPANY TYPE: CARPET AND UPHOLSTERY CLEANING
MIDLAND, TX 79705

SBA Loan Lender

SECURITY STATE BANK
200 N LORAINE, STE 100
MIDLAND, TX 79701

This lender issued this bank loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 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.

SIC Code

7217 - Carpet and Upholstery Cleaning

NAICS Code

561740 - Carpet and Upholstery Cleaning Services

Loan Approval Date

6/16/2006

Loan Approval Gross Amount

$83,600

Loan Approval from the SBA

Of the total $83,600 loan amount, the SBA guaranteed $71,060.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 10 employees. The SBA loan documents did not indicate that the company promised to use the loan proceeds to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

Every year, the SBA guarantees over $10 billion for loans just like this one.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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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