Motor Vehicle Parts Manufacturing Loans

With these loans for motor vehicle parts manufacturing, the SBA guarantees the lender that the loan will be repaid. This motor vehicle parts manufacturing loan for $25,000 was given to an Arizona entrepreneur in 2001.

This small firm knew how to go about getting a business bank loan. Based in Lake Havasu City, Arizona, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Mohave State Bank, based in Lake Havasu City, Arizona.

SBA Loan Borrower

COMPANY TYPE: MOTOR VEHICLE PARTS MANUFACTURING
LAKE HAVASU CITY, AZ 86403

SBA Loan Lender

MOHAVE STATE BANK
1771 MCCULLOCH BLVD
LAKE HAVASU CITY, AZ 86403

This lender issued this particular business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

336399 - Motor Vehicle Parts Manufacturing

Loan Approval Date

6/18/2001

Loan Approval Gross Amount

$25,000

Loan Approval from the SBA

Of the total $25,000 loan amount, the SBA guaranteed $21,250.

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 only one employee. This SBA loan request did not indicate that the company promised to use the money to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Mohave State Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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:

Accountant's Role in Securing Financing

Who Lends Money to Small Businesses in Lake Havasu City, Arizona

Getting a Business Loan in Arizona