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November 14, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Fort Lauderdale, Business Loans > Valley Bank Fort Lauderdale Business Loans > Commercial Laundry And Drycleaning Equipment Loan | ||||
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Stuart, Florida Bank Loan
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Commercial Laundry, Drycleaning, and Pressing Machine Manufacturing LoansLooking for loans for commercial laundry, drycleaning, and pressing machine manufacturing? The SBA may be the answer. This $150,000 commercial laundry, drycleaning, and pressing machine manufacturing loan was issued by a Florida bank. This small firm received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Valley Bank, out of Fort Lauderdale, Florida. The loan was granted and they received $150,000 to help grow their Stuart, Florida business. SBA Loan Borrower COMPANY TYPE: COMMERCIAL LAUNDRY AND DRYCLEANING EQUIPMENT SBA Loan Lender VALLEY BANK This lender issued this particular bank loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 3582 - Commercial Laundry and Drycleaning Equipment NAICS Code 333312 - Commercial Laundry, Drycleaning, and Pressing Machine Manufacturing Loan Approval Date 1/7/2003 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. 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 24 employees. The loan application did not indicate that the business promised to use the funding to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! If you need money to start business in Stuart FL, you ought to talk with a local Stuart SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Stuart businesses. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Valley Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Valley Bank 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. Related Links: SBA Participating Banks in Fort Lauderdale, Florida Where to Get an SBA Loan Florida
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