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November 22, 2024 |
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| Home > Small Business Lenders by State > Oregon Business Loan Sources > Los Angeles, Business Loans > Wilshire State Bank Los Angeles Business Loans > King Star Cleaners Loan | ||||
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Oregon Small Business Funding for Franchises
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Portland, OR Entrepreneur Gets SBA Loan to Buy 1-800 Dry Clean Of Scripps Poway FranchiseBorrowing money to purchase a 1-800 Dry Clean Of Scripps Poway franchise? Wilshire State Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Portland, Oregon needed money to invest in a 1-800 Dry Clean Of Scripps Poway franchise back in 2005. Wilshire State Bank issued an SBA franchise loan. Here are the details on this Oregon small business loan. SBA Loan Borrower KING STAR CLEANERS SBA Loan Lender WILSHIRE STATE BANK This lender provides SBA loan for small businesses as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 812320 - Drycleaning and Laundry Services Loan Approval Date 11/1/2005 Loan Approval Gross Amount $130,000 Loan Approval from the SBA Of the total $130,000 loan amount, the SBA guaranteed $110,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a 1-800 Dry Clean Of Scripps Poway franchise. At the time of the loan, the company had 4 employees. This SBA loan request indicated that the loan would help generate 1 new job and retain 4 existing jobs. Start the Process for Getting an SBA Loan Today! SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $130,000 loan. Remember, feel the fear, and do it anyway. 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 Approved Banks in Los Angeles, California
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