Car Washes Bank Loans
Looking for bank loans for car washes? Talk to a banker who works with the SBA. This $900,000 car washes loan was issued by a New Jersey bank.
This small firm received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Unity Bank, out of Phillipsburg, New Jersey. The loan was granted and they received $900,000 to help grow their West Haverstraw, New York business.
SBA Loan Borrower
COMPANY TYPE: CAR WASHES
WEST HAVERSTRAW, NY 10994
SBA Loan Lender
UNITY BANK
1228 RTE 22 EAST
PHILLIPSBURG, NJ 08865
This debt financing was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
811192 - Car Washes
Loan Approval Date
10/12/2004
Loan Approval Gross Amount
$900,000
Loan Approval from the SBA
Of the total $900,000 loan amount, the SBA guaranteed $675,000.
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 4 employees. This SBA loan request did not indicate that the small business promised to use the loan proceeds to increase staffing levels or retain any existing employees.
Great, But How Can I Get an SBA Loan for My Business?
SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.
We can help you find the best banks for small businesses in West Haverstraw or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.
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:
Borrowing Money from Friends and Family
Good Banks for Small Business in Phillipsburg, New Jersey
New Jersey SBA Banks