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| Entrepreneur Resources | California Bank & Trust Sacramento Business Loans | ||||
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Requirements for Small Businesses On Getting a Loan
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Drycleaning and Laundry Services LoansLooking for loans for drycleaning and laundry services? Talk to a banker who works with the SBA. This $75,000 drycleaning and laundry services loan was issued by a California bank.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Miami, Florida was able to borrow $75,000 from California Bank & Trust. The SBA made the loan possible by guaranteeing $37,500 of this Florida small business loan. SBA Loan Borrower LUDLAM DRY CLEANING & LAUNDRY, SBA Loan Lender CALIFORNIA BANK & TRUST This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 812320 - Drycleaning and Laundry Services (except Coin-Operated) Loan Approval Date 12/2/2005 Loan Approval Gross Amount $75,000 Loan Approval from the SBA Of the total $75,000 loan amount, the SBA guaranteed $37,500. More Information on This SBA Loan The borrower, Ludlam Dry Cleaning & Laundry,, borrowed this money for an existing 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 3 employees. The loan application indicated that the loan would help retain 3 existing jobs. Start the Process for Getting an SBA Loan Today! If you need money to start a business or need money for an existing business, an SBA loan can be a great source of funding. This SBA loan was for $75,000. How would you spend $75,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at Ludlam Dry Cleaning & Laundry,, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. About This SBA Loan Information: All SBA loan data displayed above comes from the government's SBA loan database. Related Links: Where to Get an SBA Loan in Sacramento, California Browse All Business Loan Sources for California 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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