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November 15, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Atmore, Business Loans > United Bank Atmore Business Loans > General Automotive Repair Loan | ||||
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General Automotive Repair LoansLooking for loans for general automotive repair? An SBA loan may be just what you've been looking for. This $140,500 general automotive repair loan was issued by an Alabama bank. Getting a small business loan in Milton, Florida was important for this company back in 2006 and, based on their loan application, they were successful in getting an SBA loan from United Bank, operating out of Atmore, Alabama. Here are the details on this Florida small business loan. SBA Loan Borrower COMPANY TYPE: GENERAL AUTOMOTIVE REPAIR SBA Loan Lender UNITED BANK This lender issued this debt financing 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. NAICS Code 811111 - General Automotive Repair Loan Approval Date 1/18/2006 Loan Approval Gross Amount $140,500 Loan Approval from the SBA Of the total $140,500 loan amount, the SBA guaranteed $119,425. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for 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 promised to use the money to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. 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: Best Banks for Small Business in Atmore, Alabama
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