Community Building Fund, LLC Provides SBA Loan to Buy King Bear Auto Service Franchise

Need money to purchase a King Bear Auto Service franchise? Community Building Fund, LLC has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a King Bear Auto Service franchise? If so, here's a 2007 SBA franchise loan that you should know about. Community Building Fund, LLC was the lender and the entrepreneur was based in Port Jefferson, New York.

SBA Loan Borrower

KING BEAR ATUO SERVICE
PORT JEFFERSON, NY 11776

SBA Loan Lender

COMMUNITY BUILDING FUND, LLC
2100 MIDDLE COUNTRY ROAD,
CENTEREACH, NY 11720

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide business loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

811111 - General Automotive Repair

Loan Approval Date

6/14/2007

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $112,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a King Bear Auto Service franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower indicated that the funding would help generate 2 new jobs.

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

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.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $150,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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:

King Bear Auto Service

Business Line of Credit

Who Lends Money to Small Businesses in Centereach, New York

SBA Participating Banks in New York