Get an SBA Loan for Automotive Parts and Accessories Stores

Looking for loans for automotive parts and accessories stores? Try the SBA. This $312,600 automotive parts and accessories stores loan was issued by an Illinois bank.

This company knew how to go about getting a business bank loan. Based in Addison, Illinois, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was American Enterprise Bank, based in Schaumburg, Illinois.

SBA Loan Borrower

COMPANY TYPE: AUTOMOTIVE PARTS AND ACCESSORIES STORES
ADDISON, IL 60101

SBA Loan Lender

AMERICAN ENTERPRISE BANK
275 ROSELLE RD
SCHAUMBURG, IL 60193

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

441310 - Automotive Parts and Accessories Stores

Loan Approval Date

7/10/2002

Loan Approval Gross Amount

$312,600

Loan Approval from the SBA

Of the total $312,600 loan amount, the SBA guaranteed $234,450.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 8 employees. The loan application did not indicate that the business planned 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 provide money to small business owners for working capital for other expenses.

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from American Enterprise Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Obtaining Funding From a Venture Capitalist

SBA 7A Lenders in Schaumburg, Illinois

Find an SBA Lender in Illinois