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November 22, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Richmond, Business Loans > Business Loan Center, LLC Richmond Business Loans > Car Washes Loan | ||||
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Business Loan Center, LLC SBA Loans
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Where to Get Capital for Car WashesLooking for small business loans for car washes? The SBA may be the answer. This $465,000 car washes loan was issued by a Virginia bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Melbourne, Florida was able to borrow $465,000 from Business Loan Center, LLC. The SBA made the loan possible by guaranteeing $348,750 of this Florida small business loan. SBA Loan Borrower COMPANY TYPE: CAR WASHES SBA Loan Lender BUSINESS LOAN CENTER, LLC 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 4/23/2002 Loan Approval Gross Amount $465,000 Loan Approval from the SBA Of the total $465,000 loan amount, the SBA guaranteed $348,750. More Information on This SBA Loan The borrower borrowed this money for an existing 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 8 employees. The SBA loan documents indicated that the loan would help generate 8 new jobs and retain 16 existing jobs. Next Steps for Getting an SBA Loan SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Business Loan Center, LLC are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for 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. Related Links: Best Banks for Small Business in Richmond, Virginia
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