How to Get a Loan for Car Washes
Looking for business loans for car washes? Try the SBA. This $1,175,000 car washes loan was issued by a Texas bank.
This small business knew how to go about getting a business bank loan. Based in Conroe, Texas, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Woodforest National Bank, based in The Woodlands, Texas.
SBA Loan Borrower
COMPANY TYPE: CARWASHES
CONROE, TX 77304
SBA Loan Lender
WOODFOREST NATIONAL BANK
7 SWITCHBUD PL, STE 198 C
THE WOODLANDS, TX 77380
This SBA bank loan was issued under the SBA's Certified Lenders Program (CLP), which means that this bank has a successful SBA lending history and a thorough understanding of SBA loan requirements.
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
8/15/2003
Loan Approval Gross Amount
$1,175,000
Loan Approval from the SBA
Of the total $1,175,000 loan amount, the SBA guaranteed $881,250.
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 only one employee. This SBA loan request did not indicate that the business promised to use the loan proceeds to add employees or retain any existing employees.
Great, But How Can I Get an SBA Loan for My Business?
SBA loans provide money to small business owners for working capital for other expenses.
Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Woodforest National Bank and they will explain how you can get an SBA loan for your company.
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:
Raising VC Money for Social Networking Companies
Who Lends Money to Small Businesses in The Woodlands, Texas
Texas SBA Bank Lenders