Loans for Automotive Body, Paint, and Interior Repair and Maintenance

Looking for loans for automotive body, paint, and interior repair and maintenance? Talk to a banker who works with the SBA. This $230,400 automotive body, paint, and interior repair and maintenance loan was issued by a North Dakota bank.

Getting a small business loan in Rugby, North Dakota was important for this company back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Bremer Bank, operating out of Rugby, North Dakota. Here are the details on this North Dakota small business loan.

SBA Loan Borrower

COMPANY TYPE: TOP AND BODY REPAIR AND PAINT SHOPS
RUGBY, ND 58368

SBA Loan Lender

BREMER BANK
105 3RD ST SW
RUGBY, ND 58368

This 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.

SIC Code

7532 - Top and Body Repair and Paint Shops

NAICS Code

811121 - Automotive Body, Paint, and Interior Repair and Maintenance

Loan Approval Date

2/21/2006

Loan Approval Gross Amount

$230,400

Loan Approval from the SBA

Of the total $230,400 loan amount, the SBA guaranteed $172,800.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 4 employees. The loan application did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Business Incubators

Good Banks for Small Business in Rugby, North Dakota

North Dakota SBA 7A Lenders