SBA Loan from Rbs Citizens Helps Coin-Operated Laundries And Drycleaning Company
An SBA loan from Rbs Citizens typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a New Haven, Connecticut business owner got a $40,000 loan.
This small firm received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Rbs Citizens, out of New London, Connecticut. The loan was granted and they received $40,000 to help grow their New Haven, Connecticut business.
SBA Loan Borrower
COMPANY TYPE: COIN-OPERATED LAUNDRIES AND DRYCLEANING
NEW HAVEN, CT 06510
SBA Loan Lender
RBS CITIZENS
63 EUGENE O'NEILL DR
NEW LONDON, CT 06320
This lender processed this loan for a small business 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.
SIC Code
7215 - Coin-Operated Laundries and Drycleaning
NAICS Code
812310 - Coin-Operated Laundries and Drycleaners
Loan Approval Date
1/10/2000
Loan Approval Gross Amount
$40,000
Loan Approval from the SBA
Of the total $40,000 loan amount, the SBA guaranteed $20,000.
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 2 employees. The loan application indicated that the loan would help retain 2 existing jobs.
Start the Process for Getting an SBA Loan Today!
Every year, the SBA guarantees over $10 billion for loans just like this one.
Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Rbs Citizens and they will explain how you can get an SBA loan for your company.
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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