Borrowing Money for Car Washes

Looking for small business loans for car washes? Try the SBA. This $146,612 car washes loan was issued by a South Dakota bank.

This small firm knew how to go about getting a business bank loan. Based in Rapid City, South Dakota, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was Pioneer Bank & Trust, based in Rapid City, South Dakota.

SBA Loan Borrower

COMPANY TYPE: CAR WASHES
RAPID CITY, SD 57702

SBA Loan Lender

PIONEER BANK & TRUST
2001 W OMAHA ST
RAPID CITY, SD 57702

When this loan was made, this bank participated in the SBA's Certified Lenders Program (CLP). This program is designed to give speedy service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

811192 - Car Washes

Loan Approval Date

1/19/2006

Loan Approval Gross Amount

$146,612

Loan Approval from the SBA

Of the total $146,612 loan amount, the SBA guaranteed $124,620.

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 4 employees. This SBA loan request did not indicate that the company promised 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?

SBA loans provide smart, affordable business financing for small businesses looking to expand.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $146,612 loan. Remember, anyone can do it... so why not you?

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:

Understanding Dilution

SBA Participating Banks in Rapid City, South Dakota

South Dakota SBA 7A Lenders