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.
811192 - Car Washes
Loan Approval Date
Loan Approval Gross Amount
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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