SBA Loans for Car Washes

Looking for SBA loans for car washes? The SBA may be the answer. This $633,000 car washes loan was issued by a Texas bank.

Getting a small business loan in Forney, Texas was important for this business back in 2005 and, based on their loan application, they were successful in getting an SBA loan from City Bank, operating out of Forney, Texas. Here are the details on this Texas small business loan.

SBA Loan Borrower

COMPANY TYPE: CAR WASHES
FORNEY, TX 75126

SBA Loan Lender

CITY BANK
120 E MAIN ST
FORNEY, TX 75126

This lender issued this business loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

811192 - Car Washes

Loan Approval Date

7/8/2005

Loan Approval Gross Amount

$633,000

Loan Approval from the SBA

Of the total $633,000 loan amount, the SBA guaranteed $474,750.

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 2 employees. The loan application did not indicate that the business planned to use the loan proceeds to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans provide smart, affordable business financing for small businesses looking to expand.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $633,000 loan. Remember, fight for what you want, and it will be yours!

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:

Business Incubators

Find an SBA Lender in Forney, Texas

Texas SBA Banks