Automotive Parts and Accessories Stores SBA Loans
Looking for SBA loans for automotive parts and accessories stores? Talk to a banker who works with the SBA. This $50,000 automotive parts and accessories stores loan was issued by a Wisconsin bank.
This small business received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Baylake Bank, out of Sturgeon Bay, Wisconsin. The loan was granted and they received $50,000 to help grow their Forestville, Wisconsin business.
SBA Loan Borrower
COMPANY TYPE: AUTOMOTIVE PARTS AND ACCESSORIES STORES
FORESTVILLE, WI 54213
SBA Loan Lender
BAYLAKE BANK
217 N 4TH AVE
STURGEON BAY, WI 54235
This lender issued this particular SBA loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
441310 - Automotive Parts and Accessories Stores
Loan Approval Date
6/15/2004
Loan Approval Gross Amount
$50,000
Loan Approval from the SBA
Of the total $50,000 loan amount, the SBA guaranteed $42,500.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company
had only one employee. The SBA loan documents did not indicate that the SBA funding recipient promised to use the funding to hire new employees or retain any existing employees.
Getting an SBA Loan For Your Business
Every year, the SBA guarantees over $10 billion for loans just like this one.
Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.
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:
Obtaining Funding From a Venture Capitalist
SBA Banks in Sturgeon Bay, Wisconsin
Wisconsin SBA Banks