Loan to Buy Chrysler Franchise Issued By Community Bank Of The Ozarks

Borrowing money to purchase a Chrysler franchise? Community Bank Of The Ozarks has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Chrysler franchise shouldn't be too tough. In 2002, Community Bank Of The Ozarks issued an SBA franchise loan to an entrepreneur in Camdenton, Missouri. Because Chrysler was registered with the SBA's registry of franchises, this Missouri small business loan was issued on an expedited basis.

SBA Loan Borrower

MIKE SHEPHERD CHRYSLER-PLYMOUT
CAMDENTON, MO 65020

SBA Loan Lender

COMMUNITY BANK OF THE OZARKS
13932 N HWY 5
SUNRISE BEACH, MO 65079

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

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5511 - Motor Vehicle Dealers

NAICS Code

441110 - New Car Dealers

Loan Approval Date

1/31/2002

Loan Approval Gross Amount

$700,000

Loan Approval from the SBA

Of the total $700,000 loan amount, the SBA guaranteed $525,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Chrysler franchise. At the time of the loan, the company had 18 employees. The SBA loan documents did not indicate that the small business promised to use the loan proceeds to add employees or retain any existing employees.

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

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.

If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Community Bank Of The Ozarks 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.

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