Business Loans for General Automotive Repair

Looking for business loans for general automotive repair? Talk to a banker who works with the SBA. This $721,000 general automotive repair loan was issued by a Colorado bank.

This business received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Citizens Bank - Pagosa Springs, out of Pagosa Springs, Colorado. The loan was granted and they received $721,000 to help grow their Pagosa Springs, Colorado business.

SBA Loan Borrower

COMPANY TYPE: GENERAL AUTOMOTIVE REPAIR
PAGOSA SPRINGS, CO 81147

SBA Loan Lender

CITIZENS BANK - PAGOSA SPRINGS
27 TALISMAN DR
PAGOSA SPRINGS, CO 81147

This SBA small business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

811111 - General Automotive Repair

Loan Approval Date

6/14/2005

Loan Approval Gross Amount

$721,000

Loan Approval from the SBA

Of the total $721,000 loan amount, the SBA guaranteed $540,750.

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 7 employees. The SBA loan documents did not indicate that the company planned to use the money to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans provide smart, affordable business financing for small businesses looking to expand.

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.

Related Links:

Advice on Getting a Small Business Loan

SBA 7A Banks in Pagosa Springs, Colorado

Getting an SBA Loan in Colorado