Financing for Used Car Dealers

Looking for commercial loans for used car dealers? An SBA loan may be just what you've been looking for. This $52,500 used car dealers loan was issued by an Indiana bank.

Getting a small business loan in Fort Wayne, Indiana was important for this small business back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Grabill Bank, operating out of Grabill, Indiana. Here are the details on this Indiana small business loan.

SBA Loan Borrower

COMPANY TYPE: USED CAR DEALERS
FORT WAYNE, IN 46803

SBA Loan Lender

GRABILL BANK
13505 MAIN ST
GRABILL, IN 46741

This lender processed this bank loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

441120 - Used Car Dealers

Loan Approval Date

8/8/2006

Loan Approval Gross Amount

$52,500

Loan Approval from the SBA

Of the total $52,500 loan amount, the SBA guaranteed $26,250.

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 loan application indicated that the loan would help generate 1 new job and retain 1 existing job.

Getting an SBA Loan For Your Business

SBA loans provide money to small business owners for working capital for other expenses.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Grabill Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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:

Financing Your Business

Banks in Grabill, Indiana

Getting a Business Loan in Indiana