Loan to Buy Chem-Dry Franchise Issued By State Central Bank

Borrowing money to purchase a Chem-Dry franchise? State Central Bank has a history of making these loans and they are guaranteed by the SBA.

Chem-Dry franchise loans are available to Winfield, Iowa entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, State Central Bank, based in Fort Madison, Iowa, issued an SBA franchise loan for a Chem-Dry franchise in 2007. We've got all the details on this Iowa small business loan.

SBA Loan Borrower

WINFREY CHEM-DRY
WINFIELD, IA 52659

SBA Loan Lender

STATE CENTRAL BANK
619 NINTH ST
FORT MADISON, IA 52627

This lender issued this SBA small business loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 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.

NAICS Code

561740 - Carpet and Upholstery Cleaning Services

Loan Approval Date

1/29/2007

Loan Approval Gross Amount

$72,200

Loan Approval from the SBA

Of the total $72,200 loan amount, the SBA guaranteed $61,370.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Chem-Dry franchise. At the time of the loan, the company had 2 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the money to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Chem-Dry Carpet & Upholstery Cleaning

Debt Financing

SBA 7A Banks in Fort Madison, Iowa

SBA Lenders in Iowa