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November 15, 2024 |
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| Home > Small Business Lenders by State > Washington Business Loan Sources > Wilsonville, Business Loans > West Coast Bank Wilsonville Business Loans > Car Washes Loan | ||||
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Who Can Get a Business Loan in Vancouver, Washington?
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Borrowing Money for Car WashesWith these loans for car washes, the SBA guarantees the lender that the loan will be repaid. This car washes loan for $25,000 was given to a Washington entrepreneur in 2007. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Vancouver, Washington was able to borrow $25,000 from West Coast Bank. The SBA made the loan possible by guaranteeing $12,500 of this Washington small business loan. SBA Loan Borrower COMPANY TYPE: CAR WASHES SBA Loan Lender WEST COAST BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 811192 - Car Washes Loan Approval Date 9/4/2007 Loan Approval Gross Amount $25,000 Loan Approval from the SBA Of the total $25,000 loan amount, the SBA guaranteed $12,500. 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 11 employees. This SBA loan request indicated that the loan would help retain 11 existing jobs. Getting an SBA Loan For Your Business Every year, the SBA guarantees over $10 billion for loans just like this one. 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 West Coast 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: Find an SBA Lender in Wilsonville, Oregon
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