Loan to Buy Carstar Automotive Franchise Issued By Ups Capital Business Credit

Borrowing money to purchase a Carstar Automotive franchise? Ups Capital Business Credit has a history of making these loans and they are guaranteed by the SBA.

Carstar Automotive franchise loans are available to De Soto, Kansas entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Ups Capital Business Credit, based in Windsor, Connecticut, issued an SBA franchise loan for a Carstar Automotive franchise in 2005. We've got all the details on this Kansas small business loan.

SBA Loan Borrower

CARSTAR
DE SOTO, KS 66018

SBA Loan Lender

UPS CAPITAL BUSINESS CREDIT
425 DAY HILL RD
WINDSOR, CT 06095

This lender provides SBA guaranteed bank loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

811198 - Automotive Repair and Maintenance

Loan Approval Date

9/21/2005

Loan Approval Gross Amount

$1,560,000

Loan Approval from the SBA

Of the total $1,560,000 loan amount, the SBA guaranteed $1,170,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Carstar Automotive franchise. At the time of the loan, the company had 6 employees. The loan application indicated that the loan would help retain 6 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Ups Capital Business Credit so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Carstar Automotive

Alternative Financing

Find an SBA Lender in Windsor, Connecticut

Where to Get an SBA Loan Connecticut