How to Get a Loan for Car Washes
With these commercial loans for car washes, the SBA guarantees the lender that the loan will be repaid. This car washes loan for $128,000 was given to an Alabama entrepreneur in 2003.
This business received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Ameris Bank, out of Abbeville, Alabama. The loan was granted and they received $128,000 to help grow their Abbeville, Alabama business.
SBA Loan Borrower
COMPANY TYPE: CARWASHES
ABBEVILLE, AL 36310
SBA Loan Lender
204 KIRKLAND ST
ABBEVILLE, AL 36310
This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.
SBA Loan Program Type
This loan was issued as a general business loan.
7542 - Carwashes
811192 - Car Washes
Loan Approval Date
Loan Approval Gross Amount
Loan Approval from the SBA
Of the total $128,000 loan amount, the SBA guaranteed $108,800.
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 only one employee. This SBA loan request did not indicate that the SBA funding recipient planned to use the loan proceeds to increase staffing levels or retain any existing employees.
Getting an SBA Loan For Your Business
Every year, the SBA guarantees over $10 billion for loans just like this one.
The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Ameris Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.
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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Where to Get an SBA Loan in Abbeville, Alabama
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