Business Loans for Automotive Parts and Accessories Stores

Looking for business loans for automotive parts and accessories stores? An SBA loan may be just what you've been looking for. This $71,800 automotive parts and accessories stores loan was issued by a Wisconsin bank.

This small business knew how to go about getting a business bank loan. Based in La Crosse, Wisconsin, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Park Bank, based in La Crosse, Wisconsin.

SBA Loan Borrower

COMPANY TYPE: AUTO AND HOME SUPPLY STORES
LA CROSSE, WI 54603

SBA Loan Lender

PARK BANK
700 STATE ST
LA CROSSE, WI 54602

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5531 - Auto and Home Supply Stores

NAICS Code

441310 - Automotive Parts and Accessories Stores

Loan Approval Date

8/21/2002

Loan Approval Gross Amount

$71,800

Loan Approval from the SBA

Of the total $71,800 loan amount, the SBA guaranteed $61,030.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. This SBA loan request did not indicate that the small business promised to use the loan proceeds to hire new employees or retain any existing employees.

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

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Park 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.

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