How to Get a Loan for Automotive Repair and Maintenance

Looking for business loans for automotive repair and maintenance? An SBA loan may be just what you've been looking for. This $340,000 automotive repair and maintenance loan was issued by a Wyoming bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Green River, Wyoming was able to borrow $340,000 from State Bank. The SBA made the loan possible by guaranteeing $255,000 of this Wyoming small business loan.

SBA Loan Borrower

COMPANY TYPE: AUTOMOTIVE SERVICES
GREEN RIVER, WY 82935

SBA Loan Lender

STATE BANK
30 SHOSHONE AVE
GREEN RIVER, WY 82935

This SBA bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7549 - Automotive Services

NAICS Code

811198 - Automotive Repair and Maintenance

Loan Approval Date

1/18/2001

Loan Approval Gross Amount

$340,000

Loan Approval from the SBA

Of the total $340,000 loan amount, the SBA guaranteed $255,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the money to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

If you have been wondering how do i get money to start a business in Green River WY, you ought to talk with a local Green River SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Green River businesses.

If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from State Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Attracting Investors

Small Bank Loans in Green River, Wyoming

Where to Get an SBA Loan Wyoming