Car Washes Loans

Looking for loans for car washes? The SBA may be the answer. This $1,328,446 car washes loan was issued by a Georgia bank.

This small firm knew how to go about getting a business bank loan. Based in Woodstock, Georgia, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Crescent Bank & Trust, based in Woodstock, Georgia.

SBA Loan Borrower

COMPANY TYPE: CAR WASHES
WOODSTOCK, GA 30188

SBA Loan Lender

CRESCENT BANK & TRUST
4475 TOWNE LAKE PKWY
WOODSTOCK, GA 30189

This SBA bank loan 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

3/5/2002

Loan Approval Gross Amount

$1,328,446

Loan Approval from the SBA

Of the total $1,328,446 loan amount, the SBA guaranteed $850,205.

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 only one employee. The SBA loan documents did not indicate that the SBA funding recipient promised to use the money to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $1,328,446 loan. Remember, things become real when you believe you can achieve them!

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:

Obtaining Funding - How to Borrow Money

Where to Get an SBA Loan in Woodstock, Georgia

Find an SBA Lender in Georgia