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November 21, 2024 |
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| Home > Small Business Lenders by State > Arizona Business Loan Sources > Casa Grande, Business Loans > Great Western Bank Casa Grande Business Loans > Motor Vehicle Supplies And New Parts Loan | ||||
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Advice for Small Business Owners On Getting a Loan
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SBA Loans for Automotive Parts and Accessories StoresWith these SBA loans for automotive parts and accessories stores, the SBA guarantees the lender that the loan will be repaid. This automotive parts and accessories stores loan for $355,000 was given to an Arizona entrepreneur in 2005. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Globe, Arizona was able to borrow $355,000 from Great Western Bank. The SBA made the loan possible by guaranteeing $266,250 of this Arizona small business loan. SBA Loan Borrower COMPANY TYPE: MOTOR VEHICLE SUPPLIES AND NEW PARTS SBA Loan Lender GREAT WESTERN BANK This lender issued this loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5013 - Motor Vehicle Supplies and New Parts NAICS Code 441310 - Automotive Parts and Accessories Stores Loan Approval Date 7/13/2005 Loan Approval Gross Amount $355,000 Loan Approval from the SBA Of the total $355,000 loan amount, the SBA guaranteed $266,250. 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 9 employees. This SBA loan request did not indicate that the small business promised to use the funding to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! If you need money to start business in Globe AZ, you ought to talk with a local Globe SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Globe businesses. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $355,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Who Lends Money to Small Businesses in Casa Grande, Arizona
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