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May 11, 2024 |
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| Home > Small Business Lenders by State > Washington Business Loan Sources > Tacoma, Business Loans > Columbia State Bank Tacoma Business Loans > Coin-Operated Laundries And Drycleaners Loan | ||||
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Tips for Entrepreneurs On Getting a Loan
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How to Get a Loan for Coin-Operated Laundries and DrycleanersLooking for commercial loans for coin-operated laundries and drycleaners? Talk to a banker who works with the SBA. This $93,000 coin-operated laundries and drycleaners loan was issued by a Washington bank. This small business knew how to go about getting a business bank loan. Based in Federal Way, Washington, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Columbia State Bank, based in Tacoma, Washington. SBA Loan Borrower COMPANY TYPE: COIN-OPERATED LAUNDRIES AND DRYCLEANERS SBA Loan Lender COLUMBIA STATE BANK This lender provides SBA guaranteed bank 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 812310 - Coin-Operated Laundries and Drycleaners Loan Approval Date 8/10/2005 Loan Approval Gross Amount $93,000 Loan Approval from the SBA Of the total $93,000 loan amount, the SBA guaranteed $79,050. 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 2 employees. This SBA loan request indicated that the loan would help retain 2 existing jobs. Getting an SBA Loan For Your Business Every year, the SBA guarantees over $10 billion for loans just like this one. While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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: Best Banks in Tacoma, Washington
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