Financing for Car Washes

With these loans for car washes, the SBA guarantees the lender that the loan will be repaid. This car washes loan for $892,837 was given to an Oklahoma entrepreneur in 2002.

Getting a small business loan in Broken Arrow, Oklahoma was important for this company back in 2002 and, based on their loan application, they were successful in getting an SBA loan from 1st National Bank & Trust - Broken, operating out of Broken Arrow, Oklahoma. Here are the details on this Oklahoma small business loan.

SBA Loan Borrower

COMPANY TYPE: CAR WASHES
BROKEN ARROW, OK 74014

SBA Loan Lender

1ST NATIONAL BANK & TRUST - BROKEN
121 S MAIN
BROKEN ARROW, OK 74012

This SBA loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

811192 - Car Washes

Loan Approval Date

2/19/2002

Loan Approval Gross Amount

$892,837

Loan Approval from the SBA

Of the total $892,837 loan amount, the SBA guaranteed $669,628.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 5 employees. The SBA loan documents did not indicate that the company planned to use the money to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

Every year, the SBA guarantees over $10 billion for loans just like this one.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $892,837 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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.

Related Links:

Business Credit Evaluation

Small Bank Loans in Broken Arrow, Oklahoma

SBA Participating Banks in Oklahoma