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April 16, 2024 |
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| Home > Small Business Lenders by State > New Jersey Business Loan Sources > Wilmington, Business Loans > Preferred Capital Bidco, Inc. Wilmington Business Loans > Car Washes Loan | ||||
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Banks in New Jersey
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Getting an SBA Loan for Car WashesWith these business loans for car washes, the SBA guarantees the lender that the loan will be repaid. This car washes loan for $1,375,000 was given to a New Jersey entrepreneur in 2006. This business knew how to go about getting a business bank loan. Based in Westfield, New Jersey, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was Preferred Capital Bidco, Inc., based in Wilmington, Delaware. SBA Loan Borrower COMPANY TYPE: CAR WASHES SBA Loan Lender PREFERRED CAPITAL BIDCO, INC. This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 811192 - Car Washes Loan Approval Date 9/28/2006 Loan Approval Gross Amount $1,375,000 Loan Approval from the SBA Of the total $1,375,000 loan amount, the SBA guaranteed $1,031,250. 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 2 employees. The SBA loan documents indicated that the loan would help generate 6 new jobs and retain 6 existing jobs. Start the Process for Getting an SBA Loan Today! The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $1,375,000 loan. Remember, you control your own destiny. 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: SBA 7A Banks for Wilmington, Delaware Loans
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