Loan Census Banking News and Information
November 24, 2024  
 
 
  Business Loan Information  
 

Banks in Texas

 

 
Loan Census SBA Loan Info

How to Get a Loan for Car Washes

Looking for business loans for car washes? Try the SBA. This $886,000 car washes loan was issued by a New York bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Laredo, Texas was able to borrow $886,000 from Banco Popular North America. The SBA made the loan possible by guaranteeing $664,500 of this Texas small business loan.

SBA Loan Borrower

COMPANY TYPE: CAR WASHES
LAREDO, TX 78041

SBA Loan Lender

BANCO POPULAR NORTH AMERICA
7 W 51ST ST, BETWEEN 5TH & 6T
NEW YORK CITY, NY 10019

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

811192 - Car Washes

Loan Approval Date

8/11/2005

Loan Approval Gross Amount

$886,000

Loan Approval from the SBA

Of the total $886,000 loan amount, the SBA guaranteed $664,500.

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 4 employees. The loan application indicated that the loan would help retain 4 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

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

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Startup Funding Tip

Best Banks for Small Business in New York City, New York

New York SBA 7A Banks