Car Washes Commercial Loans
Looking for commercial loans for car washes? Talk to a banker who works with the SBA. This $968,000 car washes 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 $968,000 from Southwest Bank. The SBA made the loan possible by guaranteeing $542,080 of this Texas small business loan.
SBA Loan Borrower
COMPANY TYPE: CAR WASHES
AUSTIN, TX 78735
SBA Loan Lender
SOUTHWEST BANK
3737 SW LOOP 820
FORT WORTH, TX 76133
This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
811192 - Car Washes
Loan Approval Date
11/16/2000
Loan Approval Gross Amount
$968,000
Loan Approval from the SBA
Of the total $968,000 loan amount, the SBA guaranteed $542,080.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was not for 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 1 existing job.
Next Steps for Getting an SBA Loan
SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.
Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $968,000 loan. Remember, things become real when you believe you can achieve them!
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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