Financing for Automotive Body, Paint, and Interior Repair and Maintenance

Looking for commercial loans for automotive body, paint, and interior repair and maintenance? The SBA may be the answer. This $1,837,000 automotive body, paint, and interior repair and maintenance loan was issued by a Nevada bank.

This small business knew how to go about getting a business bank loan. Based in Henderson, Nevada, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Silver State Bank, based in Henderson, Nevada.

SBA Loan Borrower

COMPANY TYPE: AUTOMOTIVE BODY, PAINT, AND INTERIOR REPAIR AND MAINTENANCE
HENDERSON, NV 89015

SBA Loan Lender

SILVER STATE BANK
170 S GREEN VALLEY PKWY
HENDERSON, NV 89012

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

811121 - Automotive Body, Paint, and Interior Repair and Maintenance

Loan Approval Date

9/27/2004

Loan Approval Gross Amount

$1,837,000

Loan Approval from the SBA

Of the total $1,837,000 loan amount, the SBA guaranteed $1,377,750.

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 41 employees. The loan application indicated that the loan would help retain 41 existing jobs.

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

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

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.

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