Car Washes Commercial Loans
Looking for commercial loans for car washes? Try the SBA. This $1,890,000 car washes loan was issued by a California bank.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Fontana, California was able to borrow $1,890,000 from Beach Business Bank. The SBA made the loan possible by guaranteeing $1,417,500 of this California small business loan.
SBA Loan Borrower
COMPANY TYPE: CAR WASHES
FONTANA, CA 92335
SBA Loan Lender
BEACH BUSINESS BANK
1230 ROSECRANS AVE, STE 100
MANHATTAN BEACH, CA 90266
The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide loans to to entrepreneurs who might have trouble getting a conventional bank loan.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
811192 - Car Washes
Loan Approval Date
8/12/2005
Loan Approval Gross Amount
$1,890,000
Loan Approval from the SBA
Of the total $1,890,000 loan amount, the SBA guaranteed $1,417,500.
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 25 employees. This SBA loan request did not indicate that the company planned to use the money to add employees or retain any existing employees.
Great, But How Can I Get an SBA Loan for My Business?
For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.
Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $1,890,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?
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:
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SBA Lenders in California