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May 17, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Phillipsburg, Business Loans > Unity Bank Phillipsburg Business Loans > Car Washes Loan | ||||
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Examples of West Haverstraw SBA Loans
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Car Washes Bank LoansLooking for bank loans for car washes? Talk to a banker who works with the SBA. This $900,000 car washes loan was issued by a New Jersey bank. This small firm received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Unity Bank, out of Phillipsburg, New Jersey. The loan was granted and they received $900,000 to help grow their West Haverstraw, New York business. SBA Loan Borrower COMPANY TYPE: CAR WASHES SBA Loan Lender UNITY BANK This debt financing was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 811192 - Car Washes Loan Approval Date 10/12/2004 Loan Approval Gross Amount $900,000 Loan Approval from the SBA Of the total $900,000 loan amount, the SBA guaranteed $675,000. 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 4 employees. This SBA loan request did not indicate that the small business promised to use the loan proceeds to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. We can help you find the best banks for small businesses in West Haverstraw or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Borrowing Money from Friends and Family Good Banks for Small Business in Phillipsburg, New Jersey
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