Omaha, NE Entrepreneur Gets SBA Loan to Buy Carstar Automotive Franchise
Need a loan to purchase a Carstar Automotive franchise? Centris Fcu has a history of making these loans and they are guaranteed by the SBA.
Getting money to buy a Carstar Automotive franchise may simply require a phone call to a local SBA banker. In 2004, Centris Fcu issued an SBA franchise loan to an entrepreneur in Omaha, Nebraska. Because Carstar Automotive was registered with the SBA's registry of franchises, this Nebraska small business loan was issued on an expedited basis.
SBA Loan Borrower
GBT COLLISION REPAIR, INC.
OMAHA, NE 68164
SBA Loan Lender
CENTRIS FCU
343 NO 114 ST
OMAHA, NE 68154
This lender issued this loan for a small business under the SBA's 7(a) guaranteed loan 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
7538 - General Automotive Repair Shops
NAICS Code
811111 - General Automotive Repair
Loan Approval Date
7/21/2004
Loan Approval Gross Amount
$725,000
Loan Approval from the SBA
Of the total $725,000 loan amount, the SBA guaranteed $543,750.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was used to buy a Carstar Automotive franchise. At the time of the loan, the company
had 35 employees. The SBA loan application for the borrower did not indicate that the company promised to use the funding to hire new employees or retain any existing employees.
Next Steps for Getting an SBA Loan
Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.
Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Centris Fcu that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).
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:
Carstar Automotive
Realistic Debt Financing Options
Where to Get an SBA Loan in Omaha, Nebraska
SBA Nebraska Banks