New Oxford, PA Entrepreneur Gets SBA Loan to Buy Dry Cleaning Station Franchise

Need money to invest in a Dry Cleaning Station franchise? Cit Small Business Lending Corp has a history of making these loans and they are guaranteed by the SBA.

Dry Cleaning Station franchise loans are available to New Oxford, Pennsylvania entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Cit Small Business Lending Corp, based in Livingston, New Jersey, issued an SBA franchise loan for a Dry Cleaning Station franchise in 2006. We've got all the details on this Pennsylvania small business loan.

SBA Loan Borrower

DRY CLEANING STATION
NEW OXFORD, PA 17350

SBA Loan Lender

CIT SMALL BUSINESS LENDING CORP
1 CIT DRIVE
LIVINGSTON, NJ 07039

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.

NAICS Code

812320 - Drycleaning and Laundry Services

Loan Approval Date

1/26/2006

Loan Approval Gross Amount

$454,000

Loan Approval from the SBA

Of the total $454,000 loan amount, the SBA guaranteed $340,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Dry Cleaning Station franchise. At the time of the loan, the company had 8 employees. The SBA loan application for the borrower indicated that the loan would help generate 8 new jobs.

Great, But How Can I Get an SBA Loan for My Business?

If you want money for new small business in New Oxford PA, you ought to talk with a local New Oxford SBA lender or talk with an out-of-area SBA lender that has previously loaned money to New Oxford businesses.

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 Cit Small Business Lending Corp 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.

Related Links:

Dry Cleaning Station

Small Business Loan

SBA Approved Banks in Livingston, New Jersey

New Jersey SBA 7A Lenders