SBA Loans for Car Washes

With these SBA loans for car washes, the SBA guarantees the lender that the loan will be repaid. This car washes loan for $795,000 was given to a Connecticut entrepreneur in 2005.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Shelton, Connecticut was able to borrow $795,000 from Essex Savings Bank. The SBA made the loan possible by guaranteeing $596,250 of this Connecticut small business loan.

SBA Loan Borrower

COMPANY TYPE: CAR WASHES
SHELTON, CT 06484

SBA Loan Lender

ESSEX SAVINGS BANK
35 PLAINS RD
ESSEX, CT 06426

This bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

811192 - Car Washes

Loan Approval Date

9/15/2005

Loan Approval Gross Amount

$795,000

Loan Approval from the SBA

Of the total $795,000 loan amount, the SBA guaranteed $596,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. This SBA loan request did not indicate that the small business promised to use the loan proceeds to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

If you need business start up money in Shelton CT, you ought to talk with a local Shelton SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Shelton businesses.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Essex Savings Bank and they will explain how you can get an SBA loan for your company.

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:

Bank Credit Lines

Best Banks in Essex, Connecticut

Getting an SBA Loan in Connecticut