Automotive Body, Paint, and Interior Repair and Maintenance Bank Loans

Looking for bank loans for automotive body, paint, and interior repair and maintenance? Try the SBA. This $55,000 automotive body, paint, and interior repair and maintenance loan was issued by a Minnesota bank.

This company received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Eastwood Bank, out of Rollingstone, Minnesota. The loan was granted and they received $55,000 to help grow their Lewiston, Minnesota business.

SBA Loan Borrower

COMPANY TYPE: TOP AND BODY REPAIR AND PAINT SHOPS
LEWISTON, MN 55952

SBA Loan Lender

EASTWOOD BANK
140 MAIN ST
ROLLINGSTONE, MN 55969

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7532 - Top and Body Repair and Paint Shops

NAICS Code

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

Loan Approval Date

8/14/2000

Loan Approval Gross Amount

$55,000

Loan Approval from the SBA

Of the total $55,000 loan amount, the SBA guaranteed $44,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 5 employees. The SBA loan application for the borrower did not indicate that the company planned to use the funding 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.

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:

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SBA 7A Banks for Rollingstone, Minnesota Loans

SBA Lenders in Minnesota