Where to Get Capital for Car Washes

Looking for small business loans for car washes? The SBA may be the answer. This $1,155,300 car washes loan was issued by an Ohio bank.

This small firm knew how to go about getting a business bank loan. Based in Powell, Ohio, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was The Huntington National Bank, based in Zanesville, Ohio.

SBA Loan Borrower

COMPANY TYPE: CAR WASHES
POWELL, OH 43065

SBA Loan Lender

THE HUNTINGTON NATIONAL BANK
422 MAIN ST
ZANESVILLE, OH 43702

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

2/27/2001

Loan Approval Gross Amount

$1,155,300

Loan Approval from the SBA

Of the total $1,155,300 loan amount, the SBA guaranteed $866,475.

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 2 employees. The loan application indicated that the loan would help generate 1 new job and retain 2 existing jobs.

Start the Process for Getting an SBA Loan Today!

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from The Huntington National 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:

Obtaining Funding - Getting Venture Capital

Small Business Banks in Zanesville, Ohio

Where to Get an SBA Loan Ohio