Small Business Loans for Car Washes

Looking for small business loans for car washes? Talk to a banker who works with the SBA. This $1,810,000 car washes loan was issued by a California bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Yuba City, California was able to borrow $1,810,000 from Wells Fargo Bank. The SBA made the loan possible by guaranteeing $995,500 of this California small business loan.

SBA Loan Borrower

COMPANY TYPE: CAR WASHES
YUBA CITY, CA 95993

SBA Loan Lender

WELLS FARGO BANK
649 LINCOLN WAY
AUBURN, CA 95603

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

811192 - Car Washes

Loan Approval Date

11/13/2001

Loan Approval Gross Amount

$1,810,000

Loan Approval from the SBA

Of the total $1,810,000 loan amount, the SBA guaranteed $995,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 20 employees. This SBA loan request indicated that the loan would help retain 20 existing jobs.

Next Steps for Getting an SBA Loan

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

While you may be able to find other ways to get money to start a business, 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.

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