Coin-Operated Laundries and Drycleaners Loans
Looking for loans for coin-operated laundries and drycleaners? The SBA may be the answer. This $40,000 coin-operated laundries and drycleaners loan was issued by a California bank.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Jacinto City, Texas was able to borrow $40,000 from Wells Fargo Bank. The SBA made the loan possible by guaranteeing $20,000 of this Texas small business loan.
SBA Loan Borrower
COMPANY TYPE: COIN-OPERATED LAUNDRIES AND DRYCLEANERS
JACINTO CITY, TX 77029
SBA Loan Lender
WELLS FARGO BANK
121 PARK CENTER PLZ
SAN JOSE, CA 95113
This bank loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
812310 - Coin-Operated Laundries and Drycleaners
Loan Approval Date
Loan Approval Gross Amount
Loan Approval from the SBA
Of the total $40,000 loan amount, the SBA guaranteed $20,000.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 1 new job and retain 3 existing jobs.
Next Steps for Getting an SBA Loan
If you need money to start a business or need money to grow a business, an SBA loan can be a great source of funding.
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.
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