General Automotive Repair Loans

Looking for loans for general automotive repair? Talk to a banker who works with the SBA. This $98,887 general automotive repair loan was issued by an Ohio bank.

This small firm received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Faith Community United Cu Inc., out of Cleveland, Ohio. The loan was granted and they received $98,887 to help grow their Cleveland, Ohio business.

SBA Loan Borrower

COMPANY TYPE: GENERAL AUTOMOTIVE REPAIR
CLEVELAND, OH 44104

SBA Loan Lender

FAITH COMMUNITY UNITED CU INC.
3550 E 93RD ST
CLEVELAND, OH 44105

This small 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

811111 - General Automotive Repair

Loan Approval Date

3/1/2002

Loan Approval Gross Amount

$98,887

Loan Approval from the SBA

Of the total $98,887 loan amount, the SBA guaranteed $84,054.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 only one employee. The SBA loan documents did not indicate that the small business planned to use the money to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Faith Community United Cu Inc. and they will explain how you can get an SBA loan for your company.

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:

SBIR Funding

SBA Participating Banks in Cleveland, Ohio

Browse All Business Loan Sources for Ohio