Colorado Entrepreneur Secures Financing to Buy One-Hour Martinizing Franchise

Borrowing money to buy an One-Hour Martinizing franchise? Premier Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy an One-Hour Martinizing franchise? If so, here's a 2004 SBA franchise loan that you should know about. Premier Bank was the lender and the entrepreneur was based in Colorado Springs, Colorado.

SBA Loan Borrower

ONE HOUR MARTINIZING OF BRIARG
COLORADO SPRINGS, CO 80920

SBA Loan Lender

PREMIER BANK
1630 STOUT ST
DENVER, CO 80202

This lender provides SBA loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812320 - Drycleaning and Laundry Services

Loan Approval Date

2/2/2004

Loan Approval Gross Amount

$190,000

Loan Approval from the SBA

Of the total $190,000 loan amount, the SBA guaranteed $142,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy an One-Hour Martinizing franchise. At the time of the loan, the company had 13 employees. This SBA loan request did not indicate that the business 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.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $190,000 loan. Remember, anyone can do it... so why not you?

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:

Attracting Investors

Small Bank Loans in Denver, Colorado

Browse All Business Loan Sources for Colorado