Financing for Automotive Glass Replacement Shops

Looking for commercial loans for automotive glass replacement shops? The SBA may be the answer. This $24,500 automotive glass replacement shops loan was issued by a Nebraska bank.

This small business received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Bankfirst, out of Norfolk, Nebraska. The loan was granted and they received $24,500 to help grow their Norfolk, Nebraska business.

SBA Loan Borrower

COMPANY TYPE: AUTOMOTIVE SERVICES
NORFOLK, NE 68701

SBA Loan Lender

BANKFIRST
100 N 13TH ST
NORFOLK, NE 68701

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA bank loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7549 - Automotive Services

NAICS Code

811122 - Automotive Glass Replacement Shops

Loan Approval Date

2/12/2003

Loan Approval Gross Amount

$24,500

Loan Approval from the SBA

Of the total $24,500 loan amount, the SBA guaranteed $20,825.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 only one employee. The SBA loan documents did not indicate that the small business promised to use the funding to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Bankfirst and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

Small Business Loan

Best Norfolk, Nebraska Banks for Small Business

Nebraska SBA 7A Banks