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| Entrepreneur Resources | Omnibank, National Association Houston Business Loans | ||||
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SBA Lenders for Austin Small Business Owners
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Drycleaning and Laundry Services SBA LoansLooking for SBA loans for drycleaning and laundry services? Talk to a banker who works with the SBA. This $300,000 drycleaning and laundry services loan was issued by a Texas bank.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Austin, Texas was able to borrow $300,000 from Omnibank, National Association. The SBA made the loan possible by guaranteeing $225,000 of this Texas small business loan. SBA Loan Borrower RIZINGSTAR DRYCLEANING, INC. SBA Loan Lender OMNIBANK, NATIONAL ASSOCIATION SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This small business loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 812320 - Drycleaning and Laundry Services (except Coin-Operated) Loan Approval Date 11/14/2005 Loan Approval Gross Amount $300,000 Loan Approval from the SBA Of the total $300,000 loan amount, the SBA guaranteed $225,000. More Information on This SBA Loan The borrower, Rizingstar Drycleaning, Inc., borrowed this money for a new business. The SBA's record indicate that the loan was not for investment in a franchise. At the time of the loan, the company had only one employee. This SBA loan request did not indicate that the company promised to use the money to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Every year, the SBA guarantees over $10 billion for loans just like this one. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Omnibank, National Association are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. About This SBA Loan Information: All SBA loan data displayed above comes from the government's SBA loan database. Related Links: Raising VC Money for Social Networking Companies SBA 7A Banks in Houston, Texas If you are an ambitious entrepreneur or an aspiring executive looking to get involved with a startup, please take the time to learn more about Gaebler Ventures.
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