Get an SBA Loan for General Automotive Repair

Looking for small business loans for general automotive repair? Talk to a banker who works with the SBA. This $75,000 general automotive repair loan was issued by an Oklahoma bank.

This small firm received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with Citizens Security Bank & Trust, out of Bixby, Oklahoma. The loan was granted and they received $75,000 to help grow their Broken Arrow, Oklahoma business.

SBA Loan Borrower

COMPANY TYPE: GENERAL AUTOMOTIVE REPAIR
BROKEN ARROW, OK 74014

SBA Loan Lender

CITIZENS SECURITY BANK & TRUST
14821 S MEMORIAL
BIXBY, OK 74008

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

811111 - General Automotive Repair

Loan Approval Date

9/12/2007

Loan Approval Gross Amount

$75,000

Loan Approval from the SBA

Of the total $75,000 loan amount, the SBA guaranteed $37,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 4 employees. The loan application indicated that the loan would help create 4 new jobs.

Getting an SBA Loan For Your Business

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Citizens Security Bank & Trust 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:

Business Line of Credit

SBA Participating Banks in Bixby, Oklahoma

Oklahoma SBA Bank Lenders