Small Business Loans for Car Washes

Looking for small business loans for car washes? The SBA may be the answer. This $137,400 car washes loan was issued by a Texas bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in South Bend, Indiana was able to borrow $137,400 from Jpmorgan Chase Bank. The SBA made the loan possible by guaranteeing $116,790 of this Indiana small business loan.

SBA Loan Borrower

COMPANY TYPE: CAR WASHES
SOUTH BEND, IN 46613

SBA Loan Lender

JPMORGAN CHASE BANK
811 RUSK ST., 16TH FL
HOUSTON, TX 77002

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

12/10/2001

Loan Approval Gross Amount

$137,400

Loan Approval from the SBA

Of the total $137,400 loan amount, the SBA guaranteed $116,790.

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 SBA loan documents indicated that the loan would help generate 1 new job and retain 1 existing job.

Next Steps for Getting an SBA Loan

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Jpmorgan Chase Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for 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.

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