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April 18, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Los Angeles, Business Loans > Wilshire State Bank Los Angeles Business Loans > Martinizing Dry Cleaning Loan | ||||
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Fort Worth, Texas Bank Loan
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Loan to Buy Martinizing Dry Cleaning Franchise Issued By Wilshire State BankBorrowing money to purchase a Martinizing Dry Cleaning franchise? Wilshire State Bank has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Martinizing Dry Cleaning franchise? If so, here's a 2002 SBA franchise loan that you should know about. Wilshire State Bank was the lender and the entrepreneur was based in Fort Worth, Texas. SBA Loan Borrower MARTINIZING DRY CLEANING SBA Loan Lender WILSHIRE STATE BANK 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 12/27/2002 Loan Approval Gross Amount $210,000 Loan Approval from the SBA Of the total $210,000 loan amount, the SBA guaranteed $157,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Martinizing Dry Cleaning franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower indicated that the loan would help generate 4 new jobs. Next Steps for Getting an SBA Loan SBA loans provide smart, affordable business financing for small businesses looking to expand. This SBA loan was for $210,000. How would you spend $210,000 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. Related Links: Obtaining Funding - How to Decide How Much to Raise Best Los Angeles, California Banks for Small Business
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