Get an SBA Loan for Motor Vehicle Towing

Looking for small business loans for motor vehicle towing? Talk to a banker who works with the SBA. This $15,000 motor vehicle towing loan was issued by a California bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Baltimore City, Maryland was able to borrow $15,000 from Innovative Bank. The SBA made the loan possible by guaranteeing $12,750 of this Maryland small business loan.

SBA Loan Borrower

COMPANY TYPE: MOTOR VEHICLE TOWING
BALTIMORE CITY, MD 21213

SBA Loan Lender

INNOVATIVE BANK
360 14TH ST
OAKLAND, CA 94612

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This 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

488410 - Motor Vehicle Towing

Loan Approval Date

7/13/2006

Loan Approval Gross Amount

$15,000

Loan Approval from the SBA

Of the total $15,000 loan amount, the SBA guaranteed $12,750.

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 3 employees. The SBA loan documents indicated that the loan would help generate 3 new jobs and retain 3 existing jobs.

Next Steps for Getting an SBA Loan

If you are working on finding money to start a business in Baltimore City MD, you ought to talk with a local Baltimore City SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Baltimore City businesses.

While you may be able to find other ways to get money to start a business, 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.

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Get an SBA Loan for Motor Vehicle Towing