Bank Loans for Drycleaning and Laundry Services
Looking for bank loans for drycleaning and laundry services? The SBA may be the answer. This $66,000 drycleaning and laundry services loan was issued by a New York bank.
Getting a small business loan in Smithtown, New York was important for this growing firm back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Community National Bank, operating out of Great Neck, New York. Here are the details on this New York small business loan.
SBA Loan Borrower
COMPANY TYPE: DRYCLEANING AND LAUNDRY SERVICES
SMITHTOWN, NY 11787
SBA Loan Lender
COMMUNITY NATIONAL BANK
200 MIDDLE NECK RD
GREAT NECK, NY 11021
This SBA bank 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.
NAICS Code
812320 - Drycleaning and Laundry Services
Loan Approval Date
4/21/2006
Loan Approval Gross Amount
$66,000
Loan Approval from the SBA
Of the total $66,000 loan amount, the SBA guaranteed $56,100.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company
had 2 employees. The SBA loan application for the borrower did not indicate that the business promised to use the money to add employees or retain any existing employees.
Next Steps for Getting an SBA Loan
SBA loans provide money to small business owners for working capital for other expenses.
We can help you find the best banks for small businesses in Smithtown or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.
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:
Find Start-Up Capital
Where to Get an SBA Loan in Great Neck, New York
SBA New York Lenders