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July 22, 2024  
 
 
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Raising Money in Duluth, Georgia With SBA Loans

 

 
Loan Census SBA Loan Info

Borrowing Money for Car Washes

Looking for loans for car washes? Talk to a banker who works with the SBA. This $597,700 car washes loan was issued by a California bank.

This company received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Saehan Bank, out of Los Angeles, California. The loan was granted and they received $597,700 to help grow their Duluth, Georgia business.

SBA Loan Borrower

COMPANY TYPE: CAR WASHES
DULUTH, GA 30097

SBA Loan Lender

SAEHAN BANK
3580 WILSHIRE BLVD, STE 1500
LOS ANGELES, CA 90010

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

8/1/2006

Loan Approval Gross Amount

$597,700

Loan Approval from the SBA

Of the total $597,700 loan amount, the SBA guaranteed $448,275.

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 13 employees. This SBA loan request indicated that the loan would help generate 2 new jobs and retain 13 existing jobs.

Getting an SBA Loan For Your Business

If you are wondering how to find money to start a business or need money to grow a business, an SBA loan can be a great way to raise money

We've showcased information on this loan to let you know that businesses like yours 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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