Get an SBA Loan for Automotive Parts and Accessories Stores

Looking for bank loans for automotive parts and accessories stores? An SBA loan may be just what you've been looking for. This $150,000 automotive parts and accessories stores loan was issued by an Arizona bank.

This small firm received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Home National Bank, out of Scottsdale, Arizona. The loan was granted and they received $150,000 to help grow their Glendale, Arizona business.

SBA Loan Borrower

COMPANY TYPE: BUSINESS SERVICES
GLENDALE, AZ 85301

SBA Loan Lender

HOME NATIONAL BANK
13840 N NORTHSIGHT BLVD, STE
SCOTTSDALE, AZ 85260

This was a Low Documentation SBA loan. The SBA created this program to minimize the paperwork associated with appliying for an SBA loan . The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7389 - Business Services

NAICS Code

441310 - Automotive Parts and Accessories Stores

Loan Approval Date

2/27/2001

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

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 6 employees. The SBA loan documents did not indicate that the small business planned to use the loan proceeds to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

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:

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Small Bank Loans in Scottsdale, Arizona

SBA Arizona Lenders