Motor Vehicle Towing Business Loans

Looking for business loans for motor vehicle towing? An SBA loan may be just what you've been looking for. This $150,000 motor vehicle towing loan was issued by a Georgia bank.

This small business received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with United Community Bank, out of Savannah, Georgia. The loan was granted and they received $150,000 to help grow their Savannah, Georgia business.

SBA Loan Borrower

COMPANY TYPE: MOTOR VEHICLE TOWING
SAVANNAH, GA 31401

SBA Loan Lender

UNITED COMMUNITY BANK
24 DRAYTON ST, STE 1000
SAVANNAH, GA 31401

This lender issued this particular loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

488410 - Motor Vehicle Towing

Loan Approval Date

8/26/2004

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 5 employees. The SBA loan documents did not indicate that the small business promised to use the money to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

We've showcased information on this loan to let you know that businesses like yours 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.

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