California SBA Loan Issued to Car Washes Company

Small business loans in California are are few and far betweeen these days. We take a look at one California small business loan, provided by a Texas bank, that was approved by the SBA.

You can learn something about getting a small business loan in Laguna Niguel, California by studying this loan to a local company, made back in 2001. Banks like Comerica Bank may also be willing to lend to you, given that they granted this small business loan.

SBA Loan Borrower

COMPANY TYPE: CAR WASHES
LAGUNA NIGUEL, CA 92677

SBA Loan Lender

COMERICA BANK
1717 MAIN
DALLAS, TX 75201

This lender provides SBA 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

3/14/2001

Loan Approval Gross Amount

$732,200

Loan Approval from the SBA

Of the total $732,200 loan amount, the SBA guaranteed $549,150.

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 25 employees. The SBA loan documents indicated that the loan would help retain 25 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you are wondering how to raise money for a business in Laguna Niguel CA, you ought to talk with a local Laguna Niguel SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Laguna Niguel businesses.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $732,200 loan. Remember, anyone can do it... so why not you?

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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