Commercial Loans for Motor Vehicle Dealers

Looking for commercial loans for motor vehicle dealers? Talk to a banker who works with the SBA. This $300,000 motor vehicle dealers loan was issued by a Kansas bank.

Getting a small business loan in Lawrence, Kansas was important for this small business back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Country Club Bank, operating out of Shawnee Mission, Kansas. Here are the details on this Kansas small business loan.

SBA Loan Borrower

COMPANY TYPE: MOTOR VEHICLE DEALERS
LAWRENCE, KS 66047

SBA Loan Lender

COUNTRY CLUB BANK
9400 MISSION RD
SHAWNEE MISSION, KS 66206

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

441229 - Motor Vehicle Dealers

Loan Approval Date

4/21/2005

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. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. The loan application indicated that the loan would help generate 3 new jobs and retain 3 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

504 Loans

SBA Banks in Shawnee Mission, Kansas

SBA Participating Banks in Kansas