Getting an SBA Loan for Automotive Parts and Accessories Stores
Looking for commercial loans for automotive parts and accessories stores? Talk to a banker who works with the SBA. This $386,000 automotive parts and accessories stores loan was issued by a California bank.
This small business received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with Community W. Bank, out of Goleta, California. The loan was granted and they received $386,000 to help grow their Naples, Florida business.
SBA Loan Borrower
COMPANY TYPE: AUTOMOTIVE PARTS AND ACCESSORIES STORES
NAPLES, FL 34108
SBA Loan Lender
COMMUNITY W. BANK
5827 HOLLISTER AVE
GOLETA, CA 93117
This lender provides SBA commercial loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
441310 - Automotive Parts and Accessories Stores
Loan Approval Date
10/2/2007
Loan Approval Gross Amount
$386,000
Loan Approval from the SBA
Of the total $386,000 loan amount, the SBA guaranteed $289,500.
More Information on This SBA Loan
The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had 6 employees. This SBA loan request indicated that the loan would help generate 1 new job and retain 6 existing jobs.
Next Steps for Getting an SBA Loan
Many small businesses receive loans backed by the U.S. Small Business Administration.
While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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.
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