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December 22, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Los Angeles, Business Loans > Nara Bank Los Angeles Business Loans > Car Washes Loan | ||||
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Requirements for Small Business Owners On Getting a Loan
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Where to Get Capital for Car WashesLooking for SBA loans for car washes? An SBA loan may be just what you've been looking for. This $992,000 car washes loan was issued by a California bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Lawndale, California was able to borrow $992,000 from Nara Bank. The SBA made the loan possible by guaranteeing $744,000 of this California small business loan. SBA Loan Borrower COMPANY TYPE: CAR WASHES SBA Loan Lender NARA BANK As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 811192 - Car Washes Loan Approval Date 10/25/2006 Loan Approval Gross Amount $992,000 Loan Approval from the SBA Of the total $992,000 loan amount, the SBA guaranteed $744,000. 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 29 employees. The SBA loan application for the borrower indicated that the loan would help retain 29 existing jobs. Start the Process for Getting an SBA Loan Today! The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $992,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Obtaining Funding - Friends and Family Best Los Angeles, California Banks for Small Business Getting a Business Loan in California
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