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 $150,000 automotive repair and maintenance loan was issued by a California bank.

This small business knew how to go about getting a business bank loan. Based in Inglewood, California, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Beach Business Bank, based in Manhattan Beach, California.

SBA Loan Borrower

COMPANY TYPE: AUTOMOTIVE REPAIR AND MAINTENANCE
INGLEWOOD, CA 90301

SBA Loan Lender

BEACH BUSINESS BANK
1230 ROSECRANS AVE, STE 100
MANHATTAN BEACH, CA 90266

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

811198 - Automotive Repair and Maintenance

Loan Approval Date

6/13/2005

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

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 loan application indicated that the loan would help generate 3 new jobs and retain 3 existing jobs.

Getting an SBA Loan For Your Business

If you are wondering how to raise money for a business in Inglewood CA, you ought to talk with a local Inglewood SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Inglewood businesses.

We can help you find the best banks for small businesses in Inglewood or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Find Start-Up Capital

Where to Get an SBA Loan in Manhattan Beach, California

California SBA Bank Lenders