Bank Loans for Coin-Operated Laundries and Drycleaners

Looking for bank loans for coin-operated laundries and drycleaners? An SBA loan may be just what you've been looking for. This $118,900 coin-operated laundries and drycleaners loan was issued by a North Carolina bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Saint Petersburg, Florida was able to borrow $118,900 from Bank Of America. The SBA made the loan possible by guaranteeing $59,450 of this Florida small business loan.

SBA Loan Borrower

COMPANY TYPE: COIN-OPERATED LAUNDRIES AND DRYCLEANERS
SAINT PETERSBURG, FL 33712

SBA Loan Lender

BANK OF AMERICA
100 N TRYON ST
CHARLOTTE, NC 28255

The lender provided this loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

812310 - Coin-Operated Laundries and Drycleaners

Loan Approval Date

6/15/2001

Loan Approval Gross Amount

$118,900

Loan Approval from the SBA

Of the total $118,900 loan amount, the SBA guaranteed $59,450.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 2 employees. The loan application indicated that the loan would help generate 2 new jobs and retain 4 existing jobs.

Getting an SBA Loan For Your Business

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

This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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:

Business Line of Credit

Small Business Banks in Charlotte, North Carolina

SBA North Carolina Lenders