Loans for Car Washes

Looking for loans for car washes? An SBA loan may be just what you've been looking for. This $607,800 car washes loan was issued by a Texas bank.

This small firm knew how to go about getting a business bank loan. Based in Mansfield, Texas, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Community Bank, based in Granbury, Texas.

SBA Loan Borrower

COMPANY TYPE: CAR WASHES
MANSFIELD, TX 76063

SBA Loan Lender

COMMUNITY BANK
500 S MORGAN ST
GRANBURY, TX 76048

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

10/22/2004

Loan Approval Gross Amount

$607,800

Loan Approval from the SBA

Of the total $607,800 loan amount, the SBA guaranteed $139,794.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. This SBA loan request did not indicate that the company promised to use the loan proceeds to add employees or retain any existing employees.

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

If you are wondering how to find money to start a business or already have a business and need money to expand, an SBA loan can be a great way to raise money

We can help you find the best banks for small businesses in Mansfield or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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

Small Bank Loans in Granbury, Texas

Getting an SBA Loan in Texas