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May 15, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Dallas, Business Loans > Comerica Bank Dallas Business Loans > Coin-Operated Laundries And Drycleaners Loan | ||||
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I Need Commercial Loans in Redford Township, Michigan
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Raising Money for Coin-Operated Laundries and DrycleanersLooking for bank loans for coin-operated laundries and drycleaners? Talk to a banker who works with the SBA. This $362,000 coin-operated laundries and drycleaners loan was issued by a Texas bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Redford Township, Michigan was able to borrow $362,000 from Comerica Bank. The SBA made the loan possible by guaranteeing $271,500 of this Michigan small business loan. SBA Loan Borrower COMPANY TYPE: COIN-OPERATED LAUNDRIES AND DRYCLEANERS SBA Loan Lender COMERICA BANK As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 812310 - Coin-Operated Laundries and Drycleaners Loan Approval Date 10/4/2005 Loan Approval Gross Amount $362,000 Loan Approval from the SBA Of the total $362,000 loan amount, the SBA guaranteed $271,500. More Information on This SBA Loan The borrower borrowed this money for a new 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 generate 2 new jobs and retain 3 existing jobs. Getting an SBA Loan For Your Business SBA loans provide money to small business owners for working capital for other expenses. 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: Good Banks for Small Business in Dallas, Texas
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