Getting an SBA Loan for Automotive Repair and Maintenance

Looking for SBA loans for automotive repair and maintenance? The SBA may be the answer. This $300,000 automotive repair and maintenance loan was issued by a Georgia bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Jackson, Georgia was able to borrow $300,000 from Community Bank & Trust. The SBA made the loan possible by guaranteeing $225,000 of this Georgia small business loan.

SBA Loan Borrower

COMPANY TYPE: AUTOMOTIVE REPAIR AND MAINTENANCE
JACKSON, GA 30233

SBA Loan Lender

COMMUNITY BANK & TRUST
448 N MAIN ST
CORNELIA, GA 30531

This lender provides SBA guaranteed business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

811198 - Automotive Repair and Maintenance

Loan Approval Date

6/3/2005

Loan Approval Gross Amount

$300,000

Loan Approval from the SBA

Of the total $300,000 loan amount, the SBA guaranteed $225,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 56 employees. The SBA loan application for the borrower indicated that the loan would help retain 56 existing jobs.

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

If you want money for new small business in Jackson GA, you ought to talk with a local Jackson SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Jackson businesses.

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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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Getting an SBA Loan in Georgia