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November 21, 2024 |
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| Home > Small Business Lenders by State > Utah Business Loan Sources > Circleville, Business Loans > State Bank Of Southern Utah Circleville Business Loans > Power Laundries, Family And Commercial Loan | ||||
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Good Banks for Pangquitch Small Businesses
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Bank Loans for Drycleaning and Laundry ServicesLooking for bank loans for drycleaning and laundry services? An SBA loan may be just what you've been looking for. This $15,000 drycleaning and laundry services loan was issued by an Utah bank. This company knew how to go about getting a business bank loan. Based in Pangquitch, Utah, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was State Bank Of Southern Utah, based in Circleville, Utah. SBA Loan Borrower COMPANY TYPE: POWER LAUNDRIES, FAMILY AND COMMERCIAL SBA Loan Lender STATE BANK OF SOUTHERN UTAH This was a Low Documentation SBA loan. The SBA created this program to reduce the paperwork associated with borrowing money. The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7211 - Power Laundries, Family and Commercial NAICS Code 812320 - Drycleaning and Laundry Services Loan Approval Date 1/21/2000 Loan Approval Gross Amount $15,000 Loan Approval from the SBA Of the total $15,000 loan amount, the SBA guaranteed $12,000. 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 4 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient 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. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: SBA 7A Banks for Circleville, Utah Loans
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