Motor Vehicle Dealers Small Business Loans

Looking for small business loans for motor vehicle dealers? Try the SBA. This $745,100 motor vehicle dealers loan was issued by a South Dakota bank.

This company received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with First Savings Bank, out of Beresford, South Dakota. The loan was granted and they received $745,100 to help grow their Chandler, Arizona business.

SBA Loan Borrower

COMPANY TYPE: MOTOR VEHICLE DEALERS
CHANDLER, AZ 85226

SBA Loan Lender

FIRST SAVINGS BANK
201 N 3RD ST
BERESFORD, SD 57004

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

441229 - Motor Vehicle Dealers

Loan Approval Date

10/1/2007

Loan Approval Gross Amount

$745,100

Loan Approval from the SBA

Of the total $745,100 loan amount, the SBA guaranteed $558,825.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 6 employees. The loan application indicated that the loan would help retain 6 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

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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