Loan to Buy Bumper To Bumper Franchise Issued By First National Bank

Need a loan to invest in a Bumper To Bumper franchise? First National Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Douglas, Wyoming needed money to invest in a Bumper To Bumper franchise back in 2002. First National Bank issued an SBA franchise loan. Here are the details on this Wyoming small business loan.

SBA Loan Borrower

BUMPER TO BUMPER
DOUGLAS, WY 82633

SBA Loan Lender

FIRST NATIONAL BANK
1632 E RICHARDS
DOUGLAS, WY 82633

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

441310 - Automotive Parts and Accessories Stores

Loan Approval Date

5/3/2002

Loan Approval Gross Amount

$127,200

Loan Approval from the SBA

Of the total $127,200 loan amount, the SBA guaranteed $108,120.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Bumper To Bumper franchise. At the time of the loan, the company had 10 employees. The SBA loan application for the borrower did not indicate that the business planned to use the loan proceeds to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

Many small businesses receive loans backed by the U.S. Small Business Administration.

This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer 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.

Related Links:

Strategic Investors

Where to Get an SBA Loan in Douglas, Wyoming

SBA Wyoming Banks