SBA Loan from Bank Of Urbana Helps Carwashes Company

Bank Of Urbana has a track record as a leading provider of SBA loans. Find out how this Missouri entrepreneur received an SBA loan from them.

This growing company knew how to go about getting a business bank loan. Based in Urbana, Missouri, they applied for and received an SBA-guaranteed loan in 2004. The lending bank was Bank Of Urbana, based in Urbana, Missouri.

SBA Loan Borrower

COMPANY TYPE: CARWASHES
URBANA, MO 65767

SBA Loan Lender

BANK OF URBANA
109 N MAIN ST
URBANA, MO 65767

This lender processed this loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

SIC Code

7542 - Carwashes

NAICS Code

811192 - Car Washes

Loan Approval Date

9/14/2004

Loan Approval Gross Amount

$8,000

Loan Approval from the SBA

Of the total $8,000 loan amount, the SBA guaranteed $4,000.

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 3 employees. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 1 existing job.

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

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.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Bank Of Urbana that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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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