Where to Get Capital for New Car Dealers

With these SBA loans for new car dealers, the SBA guarantees the lender that the loan will be repaid. This new car dealers loan for $14,000 was given to an Idaho entrepreneur in 2004.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Nampa, Idaho was able to borrow $14,000 from U.S. Bank National Association. The SBA made the loan possible by guaranteeing $7,000 of this Idaho small business loan.

SBA Loan Borrower

COMPANY TYPE: NEW CAR DEALERS
NAMPA, ID 83687

SBA Loan Lender

U.S. BANK NATIONAL ASSOCIATION
425 WALNUT ST
CINCINNATI, OH 45202

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

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

441110 - New Car Dealers

Loan Approval Date

8/6/2004

Loan Approval Gross Amount

$14,000

Loan Approval from the SBA

Of the total $14,000 loan amount, the SBA guaranteed $7,000.

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 only one employee. This SBA loan request indicated that the loan would help retain 1 existing job.

Getting an SBA Loan For Your Business

If you are working on finding money to start a business in Nampa ID, you ought to talk with a local Nampa SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Nampa businesses.

This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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.

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