Charlotte, NC Entrepreneur Gets SBA Loan to Buy Alta Mere Window Tinting & Auto Franchise

Need a loan to purchase an Alta Mere Window Tinting & Auto franchise? Stearns Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy an Alta Mere Window Tinting & Auto franchise may simply require a phone call to a local SBA banker. In 2004, Stearns Bank issued an SBA franchise loan to an entrepreneur in Charlotte, North Carolina. Because Alta Mere Window Tinting & Auto was registered with the SBA's registry of franchises, this North Carolina small business loan was issued on an expedited basis.

SBA Loan Borrower

ALTA MERE (BRYAN PARRISH, INC
CHARLOTTE, NC 28280

SBA Loan Lender

STEARNS BANK
4191 2ND ST SOUTH
SAINT CLOUD, MN 56301

This was a Low Documentation SBA loan. The SBA started this program to minimize the paperwork associated with borrowing money. The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

441310 - Automotive Parts and Accessories Stores

Loan Approval Date

9/14/2004

Loan Approval Gross Amount

$105,200

Loan Approval from the SBA

Of the total $105,200 loan amount, the SBA guaranteed $89,420.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an Alta Mere Window Tinting & Auto franchise. At the time of the loan, the company had 4 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the loan proceeds to increase staffing levels or retain any existing employees.

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

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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