How to Get a Loan for New Car Dealers

With these business loans for new car dealers, the SBA guarantees the lender that the loan will be repaid. This new car dealers loan for $160,000 was given to a Louisiana entrepreneur in 2000.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Many, Louisiana was able to borrow $160,000 from Sabine St. Bank & Trust. The SBA made the loan possible by guaranteeing $120,000 of this Louisiana small business loan.

SBA Loan Borrower

COMPANY TYPE: MOTOR VEHICLE DEALERS
MANY, LA 71449

SBA Loan Lender

SABINE ST. BANK & TRUST
737 KEYSER AVE
NATCHITOCHES, LA 71457

This lender issued this loan for a small business under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5511 - Motor Vehicle Dealers

NAICS Code

441110 - New Car Dealers

Loan Approval Date

9/29/2000

Loan Approval Gross Amount

$160,000

Loan Approval from the SBA

Of the total $160,000 loan amount, the SBA guaranteed $120,000.

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 15 employees. The loan application did not indicate that the business promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

If you are wondering how to find money to start a business or need money to grow a business, an SBA loan can be a great source of funding.

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:

Getting a Small Business Loan

Best Banks for Small Business in Natchitoches, Louisiana

SBA Louisiana Lenders