Car Washes Small Business Loans

With these small business loans for car washes, the SBA guarantees the lender that the loan will be repaid. This car washes loan for $1,066,600 was given to a California entrepreneur in 2001.

This company knew how to go about getting a business bank loan. Based in Playa Del Rey, California, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Umpqua Bank, based in Napa, California.

SBA Loan Borrower

COMPANY TYPE: CAR WASHES
PLAYA DEL REY, CA 90293

SBA Loan Lender

UMPQUA BANK
305 SOSCOL AVE
NAPA, CA 94559

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

811192 - Car Washes

Loan Approval Date

8/23/2001

Loan Approval Gross Amount

$1,066,600

Loan Approval from the SBA

Of the total $1,066,600 loan amount, the SBA guaranteed $799,950.

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 16 employees. The SBA loan application for the borrower indicated that the loan would help retain 16 existing jobs.

Getting an SBA Loan For Your Business

If you are working on finding money to start a business in Playa Del Rey CA, you ought to talk with a local Playa Del Rey SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Playa Del Rey businesses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Umpqua Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Umpqua Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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 Line of Credit

SBA Participating Banks in Napa, California

California SBA 7A Lenders