Bank Loans for Carpet and Upholstery Cleaning Services

With these bank loans for carpet and upholstery cleaning services, the SBA guarantees the lender that the loan will be repaid. This carpet and upholstery cleaning services loan for $100,000 was given to a California entrepreneur in 2002.

This small firm knew how to go about getting a business bank loan. Based in Redondo Beach, California, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Telesis Community Cu, based in Chatsworth, California.

SBA Loan Borrower

COMPANY TYPE: CARPET AND UPHOLSTERY CLEANING SERVICES
REDONDO BEACH, CA 90277

SBA Loan Lender

TELESIS COMMUNITY CU
9301 WINNETKA AVE
CHATSWORTH, CA 91311

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

561740 - Carpet and Upholstery Cleaning Services

Loan Approval Date

5/1/2002

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $85,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 4 employees. The loan application did not indicate that the company planned to use the funding to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

If you are wondering how to raise money for a business in Redondo Beach CA, you ought to talk with a local Redondo Beach SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Redondo Beach businesses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Telesis Community Cu had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Telesis Community Cu made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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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