Automotive Transmission Repair SBA Loans

Looking for SBA loans for automotive transmission repair? Try the SBA. This $373,000 automotive transmission repair loan was issued by a Kentucky bank.

This small business received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Republic Bank & Trust Company, out of Louisville, Kentucky. The loan was granted and they received $373,000 to help grow their Crestwood, Kentucky business.

SBA Loan Borrower

COMPANY TYPE: AUTOMOTIVE TRANSMISSION REPAIR SHOPS
CRESTWOOD, KY 40014

SBA Loan Lender

REPUBLIC BANK & TRUST COMPANY
601 W MARKET ST, REPUBLIC COR
LOUISVILLE, KY 40202

This 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.

SIC Code

7537 - Automotive Transmission Repair Shops

NAICS Code

811113 - Automotive Transmission Repair

Loan Approval Date

2/10/2003

Loan Approval Gross Amount

$373,000

Loan Approval from the SBA

Of the total $373,000 loan amount, the SBA guaranteed $279,750.

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 SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the money to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

This SBA loan was for $373,000. How would you spend $373,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

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SBA Participating Banks in Louisville, Kentucky

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