Bank Loans for Automotive Parts and Accessories Stores

Looking for bank loans for automotive parts and accessories stores? Talk to a banker who works with the SBA. This $260,000 automotive parts and accessories stores loan was issued by a Michigan bank.

This small firm received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Central State Bank, out of Beulah, Michigan. The loan was granted and they received $260,000 to help grow their Beulah, Michigan business.

SBA Loan Borrower

COMPANY TYPE: AUTOMOTIVE PARTS AND ACCESSORIES STORES
BEULAH, MI 49617

SBA Loan Lender

CENTRAL STATE BANK
49 BENZIE BLVD
BEULAH, MI 49617

This SBA business loan 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

11/14/2001

Loan Approval Gross Amount

$260,000

Loan Approval from the SBA

Of the total $260,000 loan amount, the SBA guaranteed $195,000.

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 6 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the money to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you need money to start business in Beulah MI, you ought to talk with a local Beulah SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Beulah businesses.

If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Central State 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:

Direct Public Offerings

SBA Banks in Beulah, Michigan

Michigan SBA 7A Banks