Borrow Money to Buy a Napa Auto Parts Franchise

Need money to buy a Napa Auto Parts franchise? The Bank Of Forest has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Napa Auto Parts franchise? If so, here's a 2007 SBA franchise loan that you should know about. The Bank Of Forest was the lender and the entrepreneur was based in Forest, Mississippi.

SBA Loan Borrower

NAPA AUTO PARTS OF FOREST
FOREST, MS 39074

SBA Loan Lender

THE BANK OF FOREST
211 W THIRD ST
FOREST, MS 39074

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This debt financing was issued via the SBA 7a 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

6/19/2007

Loan Approval Gross Amount

$85,000

Loan Approval from the SBA

Of the total $85,000 loan amount, the SBA guaranteed $63,750.

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 3 employees. The loan application indicated that the loan would help generate 1 new job and retain 2 existing jobs.

Next Steps for Getting an SBA Loan

Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

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

Realistic Debt Financing Options

SBA Banks in Forest, Mississippi

Getting a Business Loan in Mississippi