 |
 |
November 15, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > Kansas Business Loan Sources > Temecula, Business Loans > Temecula Valley Bank Temecula Business Loans > Carwashes Loan | ||||
 |
||||
How to Get SBA Loans in Newton, Kansas
|
||||
 |
Commercial Loans for Car WashesLooking for commercial loans for car washes? The SBA may be the answer. This $1,050,600 car washes loan was issued by a California bank. This business knew how to go about getting a business bank loan. Based in Newton, Kansas, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Temecula Valley Bank, based in Temecula, California. SBA Loan Borrower COMPANY TYPE: CARWASHES SBA Loan Lender TEMECULA VALLEY BANK The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide commercial loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7542 - Carwashes NAICS Code 811192 - Car Washes Loan Approval Date 12/14/2004 Loan Approval Gross Amount $1,050,600 Loan Approval from the SBA Of the total $1,050,600 loan amount, the SBA guaranteed $787,950. 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 2 employees. This SBA loan request did not indicate that the company promised to use the loan proceeds to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Temecula Valley Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: Good Banks for Small Business in Temecula, California
|
|
||
|
||||
|
|
||||