Business Loans for Drycleaning and Laundry Services

Looking for business loans for drycleaning and laundry services? The SBA may be the answer. This $207,300 drycleaning and laundry services loan was issued by a Georgia bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Alpharetta, Georgia was able to borrow $207,300 from Georgia Banking Company. The SBA made the loan possible by guaranteeing $155,475 of this Georgia small business loan.

SBA Loan Borrower

COMPANY TYPE: DRYCLEANING AND LAUNDRY SERVICES
ALPHARETTA, GA 30004

SBA Loan Lender

GEORGIA BANKING COMPANY
6190 POWERS FERRY RD, STE 150
ATLANTA, GA 30339

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This business loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812320 - Drycleaning and Laundry Services

Loan Approval Date

9/24/2002

Loan Approval Gross Amount

$207,300

Loan Approval from the SBA

Of the total $207,300 loan amount, the SBA guaranteed $155,475.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 8 employees. The SBA loan documents did not indicate that the small business planned to use the funding to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you need money to start a business or need money to grow a business, an SBA loan can be a great funding source

This SBA loan was for $207,300. How would you spend $207,300 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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.

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