Loan Census Banking News and Information
March 4, 2021  
 
 
  Business Loan Information  
 

SBA 7A Banks for Fairhope, Alabama Businesses

 

 
Loan Census SBA Loan Info

Getting an SBA Loan for Car Washes

Looking 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
FAIRHOPE, AL 36532

SBA Loan Lender

SMALL BUSINESS LOAN SOURCE LLC
9801 WESTHEIMER RD #1100
HOUSTON, TX 77056

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.

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