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December 22, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Henderson, Business Loans > Washington Mutual Bank Henderson Business Loans > Garment Pressing And Cleaners Agents For Laundries Loan | ||||
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Henderson, Nevada SBA Lenders
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Henderson, Nevada Bank Gives SBA Loan to Garment Pressing And Cleaners Agents For Laundries CompanyFind Henderson, Nevada banks that specialize in small business loans and know how to work with entrepreneurs. Washington Mutual Bank is one such bank, as evidenced by this SBA loan to one business. Finding a small business loan in Saint Paul, Minnesota starts with an understanding of who else has gotten loans in the area. In this case, a small company received funding from Washington Mutual Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower COMPANY TYPE: GARMENT PRESSING AND CLEANERS AGENTS FOR LAUNDRIES SBA Loan Lender WASHINGTON MUTUAL BANK This commercial loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7212 - Garment Pressing and Cleaners Agents for Laundries NAICS Code 812320 - Drycleaning and Laundry Services Loan Approval Date 6/13/2000 Loan Approval Gross Amount $200,000 Loan Approval from the SBA Of the total $200,000 loan amount, the SBA guaranteed $150,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 9 employees. The SBA loan application for the borrower did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business If you need business start up money in Saint Paul MN, you ought to talk with a local Saint Paul SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Saint Paul businesses. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Washington Mutual Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: Obtaining Funding From a Venture Capitalist Small Business Banks in Henderson, Nevada
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