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April 17, 2024 |
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| Home > Small Business Lenders by State > Alabama Business Loan Sources > Houston, Business Loans > Small Business Loan Source LLC Houston Business Loans > Car Washes Loan | ||||
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SBA 7A Banks for Fairhope, Alabama Businesses
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Getting an SBA Loan for Car WashesLooking for commercial loans for car washes? Try the SBA. This $1,037,000 car washes loan was issued by a Texas bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Fairhope, Alabama was able to borrow $1,037,000 from Small Business Loan Source LLC. The SBA made the loan possible by guaranteeing $777,750 of this Alabama small business loan. SBA Loan Borrower COMPANY TYPE: CAR WASHES SBA Loan Lender SMALL BUSINESS LOAN SOURCE LLC This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 811192 - Car Washes Loan Approval Date 10/29/2007 Loan Approval Gross Amount $1,037,000 Loan Approval from the SBA Of the total $1,037,000 loan amount, the SBA guaranteed $777,750. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had no employees. The SBA loan application for the borrower indicated that the loan would help create 2 new jobs. Great, But How Can I Get an SBA Loan for My Business? If you need business start up money in Fairhope AL, you ought to talk with a local Fairhope SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Fairhope businesses. If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Small Business Loan Source LLC so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: Realistic Debt Financing Options SBA 7A Banks for Houston, Texas Loans
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