Financing for Car Washes

Looking for commercial loans for car washes? The SBA may be the answer. This $1,180,000 car washes loan was issued by a California bank.

This business received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with First Bank, out of Chula Vista, California. The loan was granted and they received $1,180,000 to help grow their San Diego, California business.

SBA Loan Borrower

COMPANY TYPE: CAR WASHES
SAN DIEGO, CA 92122

SBA Loan Lender

FIRST BANK
318 4TH AVE
CHULA VISTA, CA 91910

This bank loan was issued under the SBA's Certified Lenders Program (CLP), which means that this bank has a successful SBA lending history and are well trained in SBA loan requirements.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

811192 - Car Washes

Loan Approval Date

10/31/2001

Loan Approval Gross Amount

$1,180,000

Loan Approval from the SBA

Of the total $1,180,000 loan amount, the SBA guaranteed $885,000.

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 13 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the money to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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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