Get an SBA Loan for Automotive Body, Paint, and Interior Repair and Maintenance

Looking for bank loans for automotive body, paint, and interior repair and maintenance? The SBA may be the answer. This $6,400 automotive body, paint, and interior repair and maintenance loan was issued by a Kansas bank.

This small firm received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with Douglas County Bank, out of Lawrence, Kansas. The loan was granted and they received $6,400 to help grow their Lawrence, Kansas business.

SBA Loan Borrower

COMPANY TYPE: AUTOMOTIVE BODY, PAINT, AND INTERIOR REPAIR AND MAINTENANCE
LAWRENCE, KS 66047

SBA Loan Lender

DOUGLAS COUNTY BANK
300 W 9TH
LAWRENCE, KS 66044

The lender provided this SBA small business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

811121 - Automotive Body, Paint, and Interior Repair and Maintenance

Loan Approval Date

8/2/2007

Loan Approval Gross Amount

$6,400

Loan Approval from the SBA

Of the total $6,400 loan amount, the SBA guaranteed $3,200.

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 6 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the money to hire new employees or retain any existing employees.

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

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Douglas County Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Douglas County Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Business Credit Evaluation

Where to Get an SBA Loan in Lawrence, Kansas

SBA Lenders in Kansas