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May 14, 2024 |
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| Home > Small Business Lenders by State > South Dakota Business Loan Sources > Lincoln, Business Loans > Security First Bank Lincoln Business Loans > Drycleaning And Laundry Services Loan | ||||
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South Dakota Small Business Funding
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Bank Loans for Drycleaning and Laundry ServicesLooking for bank loans for drycleaning and laundry services? Try the SBA. This $70,600 drycleaning and laundry services loan was issued by a Nebraska bank. This company received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Security First Bank, out of Lincoln, Nebraska. The loan was granted and they received $70,600 to help grow their Rapid City, South Dakota business. SBA Loan Borrower COMPANY TYPE: DRYCLEANING AND LAUNDRY SERVICES SBA Loan Lender SECURITY FIRST BANK This lender issued this particular SBA small business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 812320 - Drycleaning and Laundry Services Loan Approval Date 7/13/2004 Loan Approval Gross Amount $70,600 Loan Approval from the SBA Of the total $70,600 loan amount, the SBA guaranteed $60,010. 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. The loan application did not indicate that the business promised to use the funding to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide smart, affordable business financing for small businesses looking to expand. 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: Obtaining Funding - Getting Venture Capital SBA 7A Banks for Lincoln, Nebraska Loans
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