Getting an SBA Loan for Car Washes

Looking for commercial loans for car washes? The SBA may be the answer. This $60,400 car washes loan was issued by a Pennsylvania bank.

Getting a small business loan in Flemington, Pennsylvania was important for this business back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Sovereign Bank, operating out of Williamsport, Pennsylvania. Here are the details on this Pennsylvania small business loan.

SBA Loan Borrower

COMPANY TYPE: CARWASHES
FLEMINGTON, PA 17751

SBA Loan Lender

SOVEREIGN BANK
33 WEST 3RD ST
WILLIAMSPORT, PA 17701

This lender issued this particular SBA small business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

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

5/18/2000

Loan Approval Gross Amount

$60,400

Loan Approval from the SBA

Of the total $60,400 loan amount, the SBA guaranteed $48,320.

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 2 employees. The loan application did not indicate that the company planned to use the money to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Sovereign Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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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