Where to Get Capital for Car Washes

Looking for small business loans for car washes? The SBA may be the answer. This $353,300 car washes loan was issued by a Massachusetts bank.

Getting a small business loan in Norton, Massachusetts was important for this growing firm back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Bristol County Savings Bank, operating out of Taunton, Massachusetts. Here are the details on this Massachusetts small business loan.

SBA Loan Borrower

COMPANY TYPE: CAR WASHES
NORTON, MA 02766

SBA Loan Lender

BRISTOL COUNTY SAVINGS BANK
35 BROADWAY
TAUNTON, MA 02780

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA business loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

811192 - Car Washes

Loan Approval Date

9/1/2004

Loan Approval Gross Amount

$353,300

Loan Approval from the SBA

Of the total $353,300 loan amount, the SBA guaranteed $264,975.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. The loan application did not indicate that the SBA funding recipient planned to use the funding to hire new employees or retain any existing employees.

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

Many small businesses receive loans backed by the U.S. Small Business Administration.

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 $353,300 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:

Business Incubators

Small Business Banks in Taunton, Massachusetts

SBA Lenders in Massachusetts