How to Get a Loan for Car Washes

Looking for business loans for car washes? The SBA may be the answer. This $458,000 car washes loan was issued by a Minnesota bank.

Getting a small business loan in Clifton Springs, New York was important for this small business back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Prinsbank, operating out of Prinsburg, Minnesota. Here are the details on this New York small business loan.

SBA Loan Borrower

COMPANY TYPE: CARWASHES
CLIFTON SPRINGS, NY 14432

SBA Loan Lender

PRINSBANK
508 3RD ST
PRINSBURG, MN 56281

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide SBA small business loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7542 - Carwashes

NAICS Code

811192 - Car Washes

Loan Approval Date

5/30/2002

Loan Approval Gross Amount

$458,000

Loan Approval from the SBA

Of the total $458,000 loan amount, the SBA guaranteed $343,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The SBA loan documents did not indicate that the company planned to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new 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.

Related Links:

Business Cash Advances

Find an SBA Lender in Prinsburg, Minnesota

Where to Get an SBA Loan Minnesota