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May 17, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > North Plainfield, Business Loans > Valley National Bank North Plainfield Business Loans > Car Washes Loan | ||||
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Valley National Bank Commercial Loans
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Small Business Loans for Car WashesWith these small business loans for car washes, the SBA guarantees the lender that the loan will be repaid. This car washes loan for $429,000 was given to a New York entrepreneur in 2003. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Liverpool, New York was able to borrow $429,000 from Valley National Bank. The SBA made the loan possible by guaranteeing $321,750 of this New York small business loan. SBA Loan Borrower COMPANY TYPE: CAR WASHES SBA Loan Lender VALLEY NATIONAL BANK This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 811192 - Car Washes Loan Approval Date 11/28/2003 Loan Approval Gross Amount $429,000 Loan Approval from the SBA Of the total $429,000 loan amount, the SBA guaranteed $321,750. 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. The loan application indicated that the loan would help generate 1 new job. Start the Process for Getting an SBA Loan Today! SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. 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 $429,000 loan. Remember, anyone can do it... so why not 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. Related Links: Find an SBA Lender in North Plainfield, New Jersey Find an SBA Lender in New Jersey
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