Car Washes Small Business Loans
Looking for small business loans for car washes? The SBA may be the answer. This $1,600,000 car washes loan was issued by a California bank.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Capitola, California was able to borrow $1,600,000 from Wilshire State Bank. The SBA made the loan possible by guaranteeing $1,200,000 of this California small business loan.
SBA Loan Borrower
COMPANY TYPE: CAR WASHES
Capitola, CA 95010
SBA Loan Lender
WILSHIRE STATE BANK
3200 WILSHIRE BLVD
LOS ANGELES, CA 90010
This lender provides SBA commercial loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
811192 - Car Washes
Loan Approval Date
3/31/2006
Loan Approval Gross Amount
$1,600,000
Loan Approval from the SBA
Of the total $1,600,000 loan amount, the SBA guaranteed $1,200,000.
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 7 employees. This SBA loan request indicated that the borrowed money would help generate 456 new jobs.
Great, But How Can I Get an SBA Loan for My Business?
The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.
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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