Borrowing Money for Car Washes
With these bank loans for car washes, the SBA guarantees the lender that the loan will be repaid. This car washes loan for $202,200 was given to a Texas entrepreneur in 2007.
Getting a small business loan in Sugar Land, Texas was important for this company back in 2007 and, based on their loan application, they were successful in getting an SBA loan from First National Bank Of Arizona, operating out of Scottsdale, Arizona. Here are the details on this Texas small business loan.
SBA Loan Borrower
COMPANY TYPE: CAR WASHES
SUGAR LAND, TX 77479
SBA Loan Lender
FIRST NATIONAL BANK OF ARIZONA
17600 N PERIMETER DR
SCOTTSDALE, AZ 85255
This lender provides SBA small business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
811192 - Car Washes
Loan Approval Date
12/28/2007
Loan Approval Gross Amount
$202,200
Loan Approval from the SBA
Of the total $202,200 loan amount, the SBA guaranteed $151,650.
More Information on This SBA Loan
The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had 34 employees. The loan application indicated that the loan would help retain 34 existing jobs.
Next Steps for Getting an SBA Loan
Many small businesses receive loans backed by the U.S. Small Business Administration.
This SBA loan was for $202,200. How would you spend $202,200 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.
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:
Banking Deregulation's Effects on Entrepreneurship
SBA Participating Banks in Scottsdale, Arizona
Arizona SBA Banks