Loan Census Banking News and Information
April 25, 2024  
 
 
  Business Loan Information  
 

Norco, California Bank Loan

 

 
Loan Census SBA Loan Info

Car Washes Business Loans

Looking for business loans for car washes? An SBA loan may be just what you've been looking for. This $2,000,000 car washes loan was issued by a California bank.

Getting a small business loan in Norco, California was important for this small business back in 2006 and, based on their loan application, they were successful in getting an SBA loan from La Jolla Bank, Fsb, operating out of La Jolla, California. Here are the details on this California small business loan.

SBA Loan Borrower

COMPANY TYPE: CAR WASHES
NORCO, CA 92860

SBA Loan Lender

LA JOLLA BANK, FSB
888 PROSPECT ST
LA JOLLA, CA 92037

At the time this loan was granted, this bank was part of the SBA's Certified Lenders Program (CLP). This program is designed to offer fast service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

811192 - Car Washes

Loan Approval Date

4/27/2006

Loan Approval Gross Amount

$2,000,000

Loan Approval from the SBA

Of the total $2,000,000 loan amount, the SBA guaranteed $1,500,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 40 employees. This SBA loan request did not indicate that the small business planned to use the funding to increase staffing levels or retain any existing employees.

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

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

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 La Jolla Bank, Fsb 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:

Business Incubators

SBA Participating Banks in La Jolla, California

California SBA 7A Lenders