Loans for Drycleaning and Laundry Services

Looking for loans for drycleaning and laundry services? Try the SBA. This $151,783 drycleaning and laundry services loan was issued by a Texas bank.

This company knew how to go about getting a business bank loan. Based in Victoria, Texas, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Wells Fargo Bank, based in Denton, Texas.

SBA Loan Borrower

COMPANY TYPE: DRYCLEANING PLANTS
VICTORIA, TX 77901

SBA Loan Lender

WELLS FARGO BANK
101 S LOCUST ST
DENTON, TX 76201

This lender issued this bank loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7216 - Drycleaning Plants

NAICS Code

812320 - Drycleaning and Laundry Services

Loan Approval Date

8/13/2001

Loan Approval Gross Amount

$151,783

Loan Approval from the SBA

Of the total $151,783 loan amount, the SBA guaranteed $113,837.

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 10 employees. This SBA loan request did not indicate that the company planned to use the money to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

We can help you find the best banks for small businesses in Victoria 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:

Business Line of Credit

SBA Participating Banks in Denton, Texas

Getting an SBA Loan in Texas