Florida Entrepreneur Secures Financing to Buy Superglass Windshield Repair Franchise

Borrowing money to invest in a Superglass Windshield Repair franchise? Bank Of America has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Superglass Windshield Repair franchise? If so, here's a 2004 SBA franchise loan that you should know about. Bank Of America was the lender and the entrepreneur was based in Ponte Vedra Beach, Florida.

SBA Loan Borrower

PONTE VEDRA AUTOMOTIVE VENTURE
PONTE VEDRA BEACH, FL 32082

SBA Loan Lender

BANK OF AMERICA
100 N TRYON ST
CHARLOTTE, NC 28255

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

811122 - Automotive Glass Replacement Shops

Loan Approval Date

8/31/2004

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $25,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Superglass Windshield Repair franchise. At the time of the loan, the company had 7 employees. The SBA loan documents did not indicate that the small business planned to use the money to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

While you may be able to find business people willing to loan money, 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:

SuperGlass Windshield Repair

Alternative Financing

SBA 7A Banks in Charlotte, North Carolina

Getting a Business Loan in North Carolina