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May 5, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Temecula, Business Loans > Temecula Valley Bank Temecula Business Loans > Car Washes Loan | ||||
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Temecula Valley Bank
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SBA Loan from Temecula Valley Bank Helps Car Washes CompanyTemecula Valley Bank has a track record as a leading provider of SBA loans. Find out how this California entrepreneur received an SBA loan from them. This business received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Temecula Valley Bank, out of Temecula, California. The loan was granted and they received $1,162,500 to help grow their Tustin, California business. SBA Loan Borrower COMPANY TYPE: CAR WASHES SBA Loan Lender TEMECULA VALLEY BANK This lender provides SBA commercial loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 811192 - Car Washes Loan Approval Date 11/28/2001 Loan Approval Gross Amount $1,162,500 Loan Approval from the SBA Of the total $1,162,500 loan amount, the SBA guaranteed $871,875. 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 5 employees. This SBA loan request indicated that the loan would help generate 2 new jobs and retain 7 existing jobs. Great, But How Can I Get an SBA Loan for My Business? If you have been wondering how do i get money to start a business in Tustin CA, you ought to talk with a local Tustin SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Tustin businesses. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Temecula Valley Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: Best Banks in Temecula, California
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