Financing for Tire Dealers

With these commercial loans for tire dealers, the SBA guarantees the lender that the loan will be repaid. This tire dealers loan for $500,000 was given to a Missouri entrepreneur in 2003.

Getting a small business loan in Dellwood, Missouri was important for this small business back in 2003 and, based on their loan application, they were successful in getting an SBA loan from U.S. Bank National Association, operating out of Clayton, Missouri. Here are the details on this Missouri small business loan.

SBA Loan Borrower

COMPANY TYPE: TIRE DEALERS
DELLWOOD, MO 63136

SBA Loan Lender

U.S. BANK NATIONAL ASSOCIATION
10 N HANLEY
CLAYTON, MO 63105

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

441320 - Tire Dealers

Loan Approval Date

3/5/2003

Loan Approval Gross Amount

$500,000

Loan Approval from the SBA

Of the total $500,000 loan amount, the SBA guaranteed $450,000.

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 39 employees. The SBA loan application for the borrower did not indicate that the business planned to use the funding to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like U.S. Bank National Association that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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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