Citizens Security Bank (guam) In Gives SBA Loan to New Car Dealers Company

Searching for a SBA loan? This entrepreneur got an SBA loan, provided by a bank that works with the SBA to help small business owners.

Getting a small business loan in Dededo, was a top priority for this particular business back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Citizens Security Bank (guam) In. Here are the details on this small business loan.

SBA Loan Borrower

COMPANY TYPE: NEW CAR DEALERS
DEDEDO, GU 96912

SBA Loan Lender

CITIZENS SECURITY BANK (GUAM) IN
424 W O'BRIEN DR, 114 JULALE
AGANA, GU 96910

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

441110 - New Car Dealers

Loan Approval Date

7/24/2002

Loan Approval Gross Amount

$1,024,015

Loan Approval from the SBA

Of the total $1,024,015 loan amount, the SBA guaranteed $768,011.

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 28 employees. The loan application did not indicate that the small business promised to use the funding to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Citizens Security Bank (guam) In are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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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