Financing for Automotive Repair and Maintenance

Looking for loans for automotive repair and maintenance? An SBA loan may be just what you've been looking for. This $37,000 automotive repair and maintenance loan was issued by an Arizona bank.

This company received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Meridian Bank, out of Wickenburg, Arizona. The loan was granted and they received $37,000 to help grow their Gold Canyon, Arizona business.

SBA Loan Borrower

COMPANY TYPE: AUTOMOTIVE REPAIR AND MAINTENANCE
GOLD CANYON, AZ 85218

SBA Loan Lender

MERIDIAN BANK
2001 W WICKENBURG WAY
WICKENBURG, AZ 85390

This lender issued this particular commercial 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

811198 - Automotive Repair and Maintenance

Loan Approval Date

2/2/2004

Loan Approval Gross Amount

$37,000

Loan Approval from the SBA

Of the total $37,000 loan amount, the SBA guaranteed $31,450.

More Information on This SBA Loan

The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 3 employees. This SBA loan request did not indicate that the small business planned to use the money to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans provide smart, affordable business financing for small businesses looking to expand.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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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