Business Loans for Car Washes

Looking for business loans for car washes? An SBA loan may be just what you've been looking for. This $1,490,000 car washes loan was issued by a Texas bank.

This business knew how to go about getting a business bank loan. Based in Edinburg, Texas, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was Millennium State Bank Of Texas, based in Dallas, Texas.

SBA Loan Borrower

COMPANY TYPE: CARWASHES
EDINBURG, TX 78539

SBA Loan Lender

MILLENNIUM STATE BANK OF TEXAS
11950 WEBB CHAPEL RD
DALLAS, TX 75234

This SBA bank 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.

SIC Code

7542 - Carwashes

NAICS Code

811192 - Car Washes

Loan Approval Date

4/28/2006

Loan Approval Gross Amount

$1,490,000

Loan Approval from the SBA

Of the total $1,490,000 loan amount, the SBA guaranteed $1,117,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had only one employee. This SBA loan request did not indicate that the company planned to use the money to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you want money for new small business in Edinburg TX, you ought to talk with a local Edinburg SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Edinburg businesses.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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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