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May 3, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Boston, Business Loans > Oneunited Bank Boston Business Loans > Carwashes Loan | ||||
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California Small Business Funding
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Where to Get Capital 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 $25,000 was given to a California entrepreneur in 2000. This company knew how to go about getting a business bank loan. Based in South Gate, California, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was Oneunited Bank, based in Boston, Massachusetts. SBA Loan Borrower COMPANY TYPE: CARWASHES SBA Loan Lender ONEUNITED BANK This was a Low Documentation SBA loan. The SBA launched this program to limit the paperwork associated with borrowing money. The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program. 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 1/19/2000 Loan Approval Gross Amount $25,000 Loan Approval from the SBA Of the total $25,000 loan amount, the SBA guaranteed $20,000. 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 33 employees. The SBA loan application for the borrower did not indicate that the company promised to use the funding to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business SBA loans provide money to small business owners for working capital for other expenses. This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer 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. Related Links: Raising VC Money for Social Networking Companies Who Lends Money to Small Businesses in Boston, Massachusetts
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