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July 22, 2024  
 
 
  Business Loan Information  
 

Pomona, California Bank for SBA Loans

 

 
Loan Census SBA Loan Info

Car Washes SBA Loans

Looking for SBA loans for car washes? Try the SBA. This $1,150,000 car washes loan was issued by a California bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Pomona, California was able to borrow $1,150,000 from National Bank Of California. The SBA made the loan possible by guaranteeing $862,500 of this California small business loan.

SBA Loan Borrower

COMPANY TYPE: CAR WASHES
POMONA, CA 91767

SBA Loan Lender

NATIONAL BANK OF CALIFORNIA
145 S FAIRFAX AVE
LOS ANGELES, CA 90036

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

811192 - Car Washes

Loan Approval Date

8/30/2004

Loan Approval Gross Amount

$1,150,000

Loan Approval from the SBA

Of the total $1,150,000 loan amount, the SBA guaranteed $862,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 13 employees. The SBA loan documents indicated that the loan would help generate 5 new jobs and retain 18 existing jobs.

Next Steps for Getting an SBA Loan

If you need business start up money in Pomona CA, you ought to talk with a local Pomona SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Pomona businesses.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $1,150,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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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