Loans for Automotive Repair and Maintenance

With these loans for automotive repair and maintenance, the SBA guarantees the lender that the loan will be repaid. This automotive repair and maintenance loan for $30,000 was given to a Missouri entrepreneur in 2003.

This company knew how to go about getting a business bank loan. Based in Hurley, Missouri, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was First Home Savings Bank, based in Mountain Grove, Missouri.

SBA Loan Borrower

COMPANY TYPE: AUTOMOTIVE SERVICES
HURLEY, MO 65675

SBA Loan Lender

FIRST HOME SAVINGS BANK
142 E 1ST ST
MOUNTAIN GROVE, MO 65711

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

SIC Code

7549 - Automotive Services

NAICS Code

811198 - Automotive Repair and Maintenance

Loan Approval Date

6/3/2003

Loan Approval Gross Amount

$30,000

Loan Approval from the SBA

Of the total $30,000 loan amount, the SBA guaranteed $15,000.

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 only one employee. The loan application indicated that the loan would help generate 1 new job.

Start the Process for Getting an SBA Loan Today!

If you are raising money in Hurley MO, you ought to talk with a local Hurley SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Hurley 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 First Home Savings 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:

Equity Financing

SBA 7A Lenders in Mountain Grove, Missouri

Missouri SBA 7A Lenders