Automotive Repair and Maintenance Business Loans

Looking for business loans for automotive repair and maintenance? The SBA may be the answer. This $484,500 automotive repair and maintenance loan was issued by a Colorado bank.

This business received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with First National Bank - Rockies, out of Grand Junction, Colorado. The loan was granted and they received $484,500 to help grow their Fruita, Colorado business.

SBA Loan Borrower

COMPANY TYPE: AUTOMOTIVE REPAIR AND MAINTENANCE
FRUITA, CO 81521

SBA Loan Lender

FIRST NATIONAL BANK - ROCKIES
2452 HWY 6 & 50
GRAND JUNCTION, CO 81505

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

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

811198 - Automotive Repair and Maintenance

Loan Approval Date

3/5/2004

Loan Approval Gross Amount

$484,500

Loan Approval from the SBA

Of the total $484,500 loan amount, the SBA guaranteed $363,375.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The loan application did not indicate that the SBA funding recipient promised to use the loan proceeds to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you need money to start business in Fruita CO, you ought to talk with a local Fruita SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Fruita businesses.

This SBA loan was for $484,500. How would you spend $484,500 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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.

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