Borrow Money to Buy a Super Wash Franchise

Need money to purchase a Super Wash franchise? Temecula Valley Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Super Wash franchise may simply require a phone call to a local SBA banker. In 2002, Temecula Valley Bank issued an SBA franchise loan to an entrepreneur in Huber Heights, Ohio. Because Super Wash was registered with the SBA's registry of franchises, this Ohio small business loan was issued on an expedited basis.

SBA Loan Borrower

HUBER HEIGHTS SUPER WASH
HUBER HEIGHTS, OH 45424

SBA Loan Lender

TEMECULA VALLEY BANK
27710 JEFFERSON AVE, A-100
TEMECULA, CA 92590

This business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

811192 - Car Washes

Loan Approval Date

9/30/2002

Loan Approval Gross Amount

$588,000

Loan Approval from the SBA

Of the total $588,000 loan amount, the SBA guaranteed $441,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Super Wash franchise. At the time of the loan, the company had 3 employees. The loan application did not indicate that the SBA funding recipient planned to use the loan proceeds to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Temecula Valley Bank and they will explain how you can get an SBA loan for your company.

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.

Related Links:

Super Wash, Inc.

Obtaining Funding - Friends and Family

Good Banks for Small Business in Temecula, California

SBA Lenders in California