Financing for Used Car Dealers

With these commercial loans for used car dealers, the SBA guarantees the lender that the loan will be repaid. This used car dealers loan for $560,303 was given to a Florida entrepreneur in 2001.

This business knew how to go about getting a business bank loan. Based in Jacksonville, Florida, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Capitalsouth Bank, based in Jacksonville Beach, Florida.

SBA Loan Borrower

COMPANY TYPE: USED CAR DEALERS
JACKSONVILLE, FL 32225

SBA Loan Lender

CAPITALSOUTH BANK
3288 S THIRD ST
JACKSONVILLE BEACH, FL 32250

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

441120 - Used Car Dealers

Loan Approval Date

8/9/2001

Loan Approval Gross Amount

$560,303

Loan Approval from the SBA

Of the total $560,303 loan amount, the SBA guaranteed $420,227.

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 8 employees. The SBA loan documents did not indicate that the small business promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

If you need money to start a small business or already have a business and need money to expand, an SBA loan can be a great source of funding.

We've showcased information on this loan to let you know that businesses like yours 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.

Related Links:

Attracting Investors

SBA Banks in Jacksonville Beach, Florida

SBA Florida Banks