SBA Loan from Commerce Bank/north Helps Car Washes Company

Commerce Bank/north has a track record as a leading provider of SBA loans. Find out how this Florida entrepreneur received an SBA loan from them.

Getting a small business loan in Bradenton, Florida was an essential business goal for this company back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Commerce Bank/north, operating out of Ramsey, New Jersey. Here are the details on this Florida small business loan.

SBA Loan Borrower

COMPANY TYPE: CAR WASHES
Bradenton, FL 34205

SBA Loan Lender

COMMERCE BANK/NORTH
1100 LAKE ST
RAMSEY, NJ 07446

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

811192 - Car Washes

Loan Approval Date

5/15/2007

Loan Approval Gross Amount

$1,335,000

Loan Approval from the SBA

Of the total $1,335,000 loan amount, the SBA guaranteed $1,001,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 10 employees. This SBA loan request indicated that the loan would help generate 2 new jobs and retain 10 existing jobs.

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.

We've showcased information on this loan to let you know that businesses like yours 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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