Loan Census Banking News and Information
November 2, 2024  
 
 
  Business Loan Information  
 

Sun Valley, California Bank Loan

 

 
Loan Census SBA Loan Info

Where to Get Capital for Car Washes

With these SBA loans for car washes, the SBA guarantees the lender that the loan will be repaid. This car washes loan for $1,586,000 was given to a California entrepreneur in 2006.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Sun Valley, California was able to borrow $1,586,000 from National Bank Of California. The SBA made the loan possible by guaranteeing $1,189,500 of this California small business loan.

SBA Loan Borrower

COMPANY TYPE: CAR WASHES
SUN VALLEY, CA 91352

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

7/6/2006

Loan Approval Gross Amount

$1,586,000

Loan Approval from the SBA

Of the total $1,586,000 loan amount, the SBA guaranteed $1,189,500.

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 3 employees. This SBA loan request indicated that the loan would help generate 7 new jobs and retain 10 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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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