How to Get a Loan for Car Washes

Looking for commercial loans for car washes? An SBA loan may be just what you've been looking for. This $59,100 car washes loan was issued by a New York bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Holley, New York was able to borrow $59,100 from Hsbc Bank Usa. The SBA made the loan possible by guaranteeing $29,550 of this New York small business loan.

SBA Loan Borrower

COMPANY TYPE: CAR WASHES
HOLLEY, NY 14470

SBA Loan Lender

HSBC BANK USA
360 S WARREN ST
SYRACUSE, NY 13202

This lender processed this bank loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

811192 - Car Washes

Loan Approval Date

7/15/2003

Loan Approval Gross Amount

$59,100

Loan Approval from the SBA

Of the total $59,100 loan amount, the SBA guaranteed $29,550.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 9 employees. This SBA loan request indicated that the loan would help generate 2 new jobs and retain 9 existing jobs.

Next Steps for Getting an SBA Loan

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $59,100 loan. Remember, fight for what you want, and it will be yours!

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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