Getting an SBA Loan for Car Washes

Looking for commercial loans for car washes? Talk to a banker who works with the SBA. This $276,000 car washes loan was issued by an Arizona bank.

Getting a small business loan in Phoenix, Arizona was important for this business back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Cobiz Bank, operating out of Phoenix, Arizona. Here are the details on this Arizona small business loan.

SBA Loan Borrower

COMPANY TYPE: CAR WASHES
PHOENIX, AZ 85017

SBA Loan Lender

COBIZ BANK
2700 N CENTRAL AVE, STE 110
PHOENIX, AZ 85004

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

4/15/2004

Loan Approval Gross Amount

$276,000

Loan Approval from the SBA

Of the total $276,000 loan amount, the SBA guaranteed $207,000.

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 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 32 new jobs and retain 32 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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.

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