Financing for Car Washes

Looking for loans for car washes? An SBA loan may be just what you've been looking for. This $500,000 car washes loan was issued by a California bank.

Getting a small business loan in Whittier, California was important for this company back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Union Bank Of California, operating out of San Francisco, California. Here are the details on this California small business loan.

SBA Loan Borrower

COMPANY TYPE: CAR WASHES
WHITTIER, CA 90604

SBA Loan Lender

UNION BANK OF CALIFORNIA
400 CALIFORNIA ST, 1ST FL
SAN FRANCISCO, CA 94104

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

811192 - Car Washes

Loan Approval Date

7/3/2007

Loan Approval Gross Amount

$500,000

Loan Approval from the SBA

Of the total $500,000 loan amount, the SBA guaranteed $375,000.

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 16 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the funding to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you are wondering how to raise money for a business in Whittier CA, you ought to talk with a local Whittier SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Whittier businesses.

While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

Debt Financing

Small Bank Loans in San Francisco, California

California SBA Bank Lenders