Small Business Loans for Car Washes

Looking for small business loans for car washes? Talk to a banker who works with the SBA. This $557,550 car washes loan was issued by an Ohio bank.

This small firm received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Unity National Bank A Division -, out of Piqua, Ohio. The loan was granted and they received $557,550 to help grow their Springfield, Ohio business.

SBA Loan Borrower

COMPANY TYPE: CAR WASHES
SPRINGFIELD, OH 45503

SBA Loan Lender

UNITY NATIONAL BANK A DIVISION -
212 N MAIN ST
PIQUA, OH 45356

This lender issued this loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

811192 - Car Washes

Loan Approval Date

4/10/2003

Loan Approval Gross Amount

$557,550

Loan Approval from the SBA

Of the total $557,550 loan amount, the SBA guaranteed $418,162.

More Information on This SBA Loan

The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 5 employees. The SBA loan application for the borrower did not indicate that the company planned to use the funding to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Unity National Bank A Division - 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.

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