Business Loans for General Automotive Repair

With these business loans for general automotive repair, the SBA guarantees the lender that the loan will be repaid. This general automotive repair loan for $40,700 was given to a Kansas entrepreneur in 2004.

Getting a small business loan in St. Mary's, Kansas was important for this business back in 2004 and, based on their loan application, they were successful in getting an SBA loan from The St. Marys State Bank, operating out of Saint Marys, Kansas. Here are the details on this Kansas small business loan.

SBA Loan Borrower

COMPANY TYPE: GENERAL AUTOMOTIVE REPAIR
ST. MARY'S, KS 66536

SBA Loan Lender

THE ST. MARYS STATE BANK
905 E BERTRAND
SAINT MARYS, KS 66536

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

811111 - General Automotive Repair

Loan Approval Date

7/14/2004

Loan Approval Gross Amount

$40,700

Loan Approval from the SBA

Of the total $40,700 loan amount, the SBA guaranteed $34,595.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 8 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you are raising money in St. Mary's KS, you ought to talk with a local St. Mary's SBA lender or talk with an out-of-area SBA lender that has previously loaned money to St. Mary's businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like The St. Marys State Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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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Small Business Banks in Saint Marys, Kansas

Kansas SBA 7A Lenders