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April 19, 2024 |
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| Home > Small Business Lenders by State > Arizona Business Loan Sources > Culver City, Business Loans > Alliance Bank Culver City Business Loans > Carwashes Loan | ||||
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Banks for Lake Havasu, Arizona Small Businesses
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Where to Get Capital for Car WashesLooking for SBA loans for car washes? An SBA loan may be just what you've been looking for. This $1,698,000 car washes loan was issued by a California bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Lake Havasu, Arizona was able to borrow $1,698,000 from Alliance Bank. The SBA made the loan possible by guaranteeing $1,273,500 of this Arizona small business loan. SBA Loan Borrower COMPANY TYPE: CARWASHES SBA Loan Lender ALLIANCE BANK The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide debt financing to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7542 - Carwashes NAICS Code 811192 - Car Washes Loan Approval Date 7/15/2004 Loan Approval Gross Amount $1,698,000 Loan Approval from the SBA Of the total $1,698,000 loan amount, the SBA guaranteed $1,273,500. 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 22 employees. The loan application 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 SBA loans provide smart, affordable business financing for small businesses looking to expand. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Alliance Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: Raising VC Money for Social Networking Companies Good Banks for Small Business in Culver City, California
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