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April 26, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Garden Grove, Business Loans > Us Metro Bank Garden Grove Business Loans > Drycleaning And Laundry Services Loan | ||||
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Examples of Baldwin Park SBA Loans
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Drycleaning and Laundry Services LoansLooking for loans for drycleaning and laundry services? An SBA loan may be just what you've been looking for. This $355,000 drycleaning and laundry services loan was issued by a California bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Baldwin Park, California was able to borrow $355,000 from Us Metro Bank. The SBA made the loan possible by guaranteeing $266,250 of this California small business loan. SBA Loan Borrower COMPANY TYPE: DRYCLEANING AND LAUNDRY SERVICES SBA Loan Lender US METRO BANK 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 11/28/2006 Loan Approval Gross Amount $355,000 Loan Approval from the SBA Of the total $355,000 loan amount, the SBA guaranteed $266,250. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 7 employees. This SBA loan request did not indicate that the company planned to use the money to add employees or retain any existing employees. Next Steps for Getting an SBA Loan Many small businesses receive loans backed by the U.S. Small Business Administration. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Us Metro Bank and they will explain how you can get an SBA loan for your company. 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 Approved Banks in Garden Grove, California Getting an SBA Loan in California
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