Loan to Buy Carstar Automotive Franchise Issued By Exchange Bank Of Missouri

Need money to buy a Carstar Automotive franchise? Exchange Bank Of Missouri has a history of making these loans and they are guaranteed by the SBA.

Carstar Automotive franchise loans are available to Boonville, Missouri entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Exchange Bank Of Missouri, based in New Franklin, Missouri, issued an SBA franchise loan for a Carstar Automotive franchise in 2000. We've got all the details on this Missouri small business loan.

SBA Loan Borrower

FLOYD'S CARSTAR BODY & GLASS
BOONVILLE, MO 65233

SBA Loan Lender

EXCHANGE BANK OF MISSOURI
102 E BROADWAY
NEW FRANKLIN, MO 65274

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA business loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7538 - General Automotive Repair Shops

NAICS Code

811111 - General Automotive Repair

Loan Approval Date

8/15/2000

Loan Approval Gross Amount

$390,000

Loan Approval from the SBA

Of the total $390,000 loan amount, the SBA guaranteed $292,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Carstar Automotive franchise. At the time of the loan, the company had 8 employees. The SBA loan documents did not indicate that the small business promised to use the loan proceeds to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

Many small businesses receive loans backed by the U.S. Small Business Administration.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Carstar Automotive

Advice on Getting a Small Business Loan

SBA Participating Banks in New Franklin, Missouri

Missouri SBA Banks