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November 14, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > Parsons, Business Loans > Community So. Bank D.B.A Commun Parsons Business Loans > Car Washes Loan | ||||
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Advice for Businesses On Getting a Loan
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Get an SBA Loan for Car WashesLooking for small business loans for car washes? The SBA may be the answer. This $1,050,000 car washes loan was issued by a Tennessee bank. This small firm received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Community So. Bank D.B.A Commun, out of Parsons, Tennessee. The loan was granted and they received $1,050,000 to help grow their Kettering, Ohio business. SBA Loan Borrower COMPANY TYPE: CAR WASHES SBA Loan Lender COMMUNITY SO. BANK D.B.A COMMUN This lender provides SBA loan for small businesses 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 11/29/2005 Loan Approval Gross Amount $1,050,000 Loan Approval from the SBA Of the total $1,050,000 loan amount, the SBA guaranteed $787,500. 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 only one employee. The SBA loan application for the borrower indicated that the loan would help generate 1 new job and retain 1 existing job. Getting an SBA Loan For Your Business SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. We've showcased information on this loan to let you know that businesses like yours 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: SBA 7A Banks in Parsons, Tennessee
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