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July 12, 2024  
 
 
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Small Business Banks for Sherman Oaks Entrepreneurs

 

 
Loan Census SBA Loan Info

Coin-Operated Laundries and Drycleaners Bank Loans

Looking for bank loans for coin-operated laundries and drycleaners? An SBA loan may be just what you've been looking for. This $573,000 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 Sherman Oaks, California was able to borrow $573,000 from National Bank Of California. The SBA made the loan possible by guaranteeing $429,750 of this California small business loan.

SBA Loan Borrower

COMPANY TYPE: COIN-OPERATED LAUNDRIES AND DRYCLEANERS
SHERMAN OAKS, CA 91423

SBA Loan Lender

NATIONAL BANK OF CALIFORNIA
145 S FAIRFAX AVE
LOS ANGELES, CA 90036

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

9/27/2002

Loan Approval Gross Amount

$573,000

Loan Approval from the SBA

Of the total $573,000 loan amount, the SBA guaranteed $429,750.

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 26 employees. The loan application indicated that the loan would help generate 3 new jobs and retain 29 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans provide money to small business owners for working capital for other expenses.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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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