 |
 |
November 22, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > New York Business Loan Sources > Warsaw, Business Loans > Five Star Bank Warsaw Business Loans > Car Washes Loan | ||||
 |
||||
Springville, New York Bank for SBA Loans
|
||||
 |
Get an SBA Loan for Car WashesLooking for small business loans for car washes? Talk to a banker who works with the SBA. This $542,000 car washes loan was issued by a New York bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Springville, New York was able to borrow $542,000 from Five Star Bank. The SBA made the loan possible by guaranteeing $406,500 of this New York small business loan. SBA Loan Borrower COMPANY TYPE: CAR WASHES SBA Loan Lender FIVE STAR BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 811192 - Car Washes Loan Approval Date 9/29/2003 Loan Approval Gross Amount $542,000 Loan Approval from the SBA Of the total $542,000 loan amount, the SBA guaranteed $406,500. 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 7 employees. The loan application did not indicate that the business promised to use the money to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Five Star 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: SBA 7A Banks for Warsaw, New York Loans
|
|
||
|
||||
|
|
||||