Car Washes Small Business Loans

With these small business loans for car washes, the SBA guarantees the lender that the loan will be repaid. This car washes loan for $739,000 was given to an Utah entrepreneur in 2003.

This company knew how to go about getting a business bank loan. Based in Draper, Utah, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was United Western Bank, based in Denver, Colorado.

SBA Loan Borrower

COMPANY TYPE: CAR WASHES
DRAPER, UT 84020

SBA Loan Lender

UNITED WESTERN BANK
700 17TH ST, STE 100
DENVER, CO 80202

This commercial 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

6/26/2003

Loan Approval Gross Amount

$739,000

Loan Approval from the SBA

Of the total $739,000 loan amount, the SBA guaranteed $554,250.

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 only one employee. The SBA loan application for the borrower did not indicate that the small business promised to use the loan proceeds 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.

This SBA loan was for $739,000. How would you spend $739,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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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Getting an SBA Loan in Colorado