Where to Get Capital for Car Washes

Looking for small business loans for car washes? An SBA loan may be just what you've been looking for. This $1,330,000 car washes loan was issued by a California bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Huntington Park, California was able to borrow $1,330,000 from Wilshire State Bank. The SBA made the loan possible by guaranteeing $997,500 of this California small business loan.

SBA Loan Borrower

COMPANY TYPE: CAR WASHES
HUNTINGTON PARK, CA 90255

SBA Loan Lender

WILSHIRE STATE BANK
3200 WILSHIRE BLVD
LOS ANGELES, CA 90010

This lender provides SBA guaranteed business 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

8/22/2003

Loan Approval Gross Amount

$1,330,000

Loan Approval from the SBA

Of the total $1,330,000 loan amount, the SBA guaranteed $997,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 20 employees. This SBA loan request indicated that the loan would help retain 20 existing jobs.

Getting an SBA Loan For Your Business

If you need business start up money in Huntington Park CA, you ought to talk with a local Huntington Park SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Huntington Park businesses.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Wilshire State 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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