Financing for Car Washes

Looking for loans for car washes? Talk to a banker who works with the SBA. This $189,625 car washes loan was issued by a Colorado bank.

This company received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with American National Bank, out of Grand Junction, Colorado. The loan was granted and they received $189,625 to help grow their Fruita, Colorado business.

SBA Loan Borrower

COMPANY TYPE: CAR WASHES
FRUITA, CO 81521

SBA Loan Lender

AMERICAN NATIONAL BANK
1199 PATTERSON
GRAND JUNCTION, CO 81501

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

811192 - Car Washes

Loan Approval Date

3/1/2005

Loan Approval Gross Amount

$189,625

Loan Approval from the SBA

Of the total $189,625 loan amount, the SBA guaranteed $142,219.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The loan application did not indicate that the business planned to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from American National Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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Where to Get an SBA Loan in Grand Junction, Colorado

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