Bangor Savings Bank Provides SBA Loan to Buy Napa Auto Parts Franchise

Need money to purchase a Napa Auto Parts franchise? Bangor Savings Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Napa Auto Parts franchise requires some effort but others before you have been successful. In 2006, Bangor Savings Bank issued an SBA franchise loan to an entrepreneur in East Millinocket (town Of), Maine. Because Napa Auto Parts was registered with the SBA's registry of franchises, this Maine small business loan was issued on an expedited basis.

SBA Loan Borrower

NAPA AUTO PARTS
EAST MILLINOCKET (TOWN OF), ME 04430

SBA Loan Lender

BANGOR SAVINGS BANK
99 FRANKLIN ST
BANGOR, ME 04401

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

441310 - Automotive Parts and Accessories Stores

Loan Approval Date

12/26/2006

Loan Approval Gross Amount

$137,732

Loan Approval from the SBA

Of the total $137,732 loan amount, the SBA guaranteed $117,072.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Napa Auto Parts franchise. At the time of the loan, the company had 5 employees. This SBA loan request indicated that the loan would help retain 5 existing jobs.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Bangor Savings Bank 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:

NAPA Auto Parts

Business Incubators

SBA 7A Lenders in Bangor, Maine

SBA Lenders in Maine