Loans for Car Washes

Looking for loans for car washes? The SBA may be the answer. This $755,500 car washes loan was issued by an Indiana bank.

This company received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with First Midwest Bank, out of Hammond, Indiana. The loan was granted and they received $755,500 to help grow their Gary, Indiana business.

SBA Loan Borrower

COMPANY TYPE: CAR WASHES
GARY, IN 46408

SBA Loan Lender

FIRST MIDWEST BANK
5231 HOHMAN AVE
HAMMOND, IN 46320

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

8/9/2005

Loan Approval Gross Amount

$755,500

Loan Approval from the SBA

Of the total $755,500 loan amount, the SBA guaranteed $566,625.

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. This SBA loan request did not indicate that the business planned to use the money to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

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

This SBA loan was for $755,500. How would you spend $755,500 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Alternative Financing

Where to Get an SBA Loan in Hammond, Indiana

SBA Participating Banks in Indiana