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May 2, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Los Angeles, Business Loans > Nara Bank Los Angeles Business Loans > Coin-Operated Laundries And Drycleaners Loan | ||||
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SBA Lender Glenview Illinois
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Borrowing Money for Coin-Operated Laundries and DrycleanersWith these bank loans for coin-operated laundries and drycleaners, the SBA guarantees the lender that the loan will be repaid. This coin-operated laundries and drycleaners loan for $73,500 was given to an Illinois entrepreneur in 2006. This company received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Nara Bank, out of Los Angeles, California. The loan was granted and they received $73,500 to help grow their Glenview, Illinois business. SBA Loan Borrower COMPANY TYPE: COIN-OPERATED LAUNDRIES AND DRYCLEANERS SBA Loan Lender NARA BANK The lender provided this SBA loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 812310 - Coin-Operated Laundries and Drycleaners Loan Approval Date 3/22/2006 Loan Approval Gross Amount $73,500 Loan Approval from the SBA Of the total $73,500 loan amount, the SBA guaranteed $36,750. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had only one employee. The loan application indicated that the loan would help retain 1 existing job. Start the Process for Getting an SBA Loan Today! SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. We can help you find the best banks for small businesses in Glenview or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Determining Proper Capital Structure for a Business SBA Banks in Los Angeles, California
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