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January 21, 2025 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Los Angeles, Business Loans > Saehan Bank Los Angeles Business Loans > Car Washes Loan | ||||
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Gainesville, Georgia Bank for SBA Loans
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Borrowing Money for Car WashesLooking for small business loans for car washes? Talk to a banker who works with the SBA. This $1,962,000 car washes loan was issued by a California bank. This small firm knew how to go about getting a business bank loan. Based in Gainesville, Georgia, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was Saehan Bank, based in Los Angeles, California. SBA Loan Borrower COMPANY TYPE: CAR WASHES SBA Loan Lender SAEHAN BANK This lender provides SBA commercial loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 811192 - Car Washes Loan Approval Date 7/28/2006 Loan Approval Gross Amount $1,962,000 Loan Approval from the SBA Of the total $1,962,000 loan amount, the SBA guaranteed $1,471,500. 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 20 employees. The SBA loan documents indicated that the loan would help generate 1 new job and retain 20 existing jobs. 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. While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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: Best Banks for Small Business in Los Angeles, California
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