Motor Vehicle Supplies and New Parts Wholesalers Small Business Loans
Looking for small business loans for motor vehicle supplies and new parts wholesalers? The SBA may be the answer. This $100,000 motor vehicle supplies and new parts wholesalers loan was issued by a California bank.
Getting a small business loan in Canoga Park, California was important for this growing firm back in 2000 and, based on their loan application, they were successful in getting an SBA loan from First Private Bank & Trust, operating out of Encino, California. Here are the details on this California small business loan.
SBA Loan Borrower
COMPANY TYPE: MOTOR VEHICLE SUPPLIES AND NEW PARTS
CANOGA PARK, CA 91304
SBA Loan Lender
FIRST PRIVATE BANK & TRUST
16000 VENTURA BLVD
ENCINO, CA 91436
This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
5013 - Motor Vehicle Supplies and New Parts
NAICS Code
421120 - Motor Vehicle Supplies and New Parts Wholesalers
Loan Approval Date
9/13/2000
Loan Approval Gross Amount
$100,000
Loan Approval from the SBA
Of the total $100,000 loan amount, the SBA guaranteed $80,000.
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 12 employees. This SBA loan request did not indicate that the small business promised to use the money to hire new employees or retain any existing employees.
Getting an SBA Loan For Your Business
SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.
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.
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