Automotive Parts and Accessories Stores Commercial Loans

Looking for commercial loans for automotive parts and accessories stores? Try the SBA. This $70,108 automotive parts and accessories stores loan was issued by an Illinois bank.

Getting a small business loan in Streator, Illinois was important for this business back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Streator National Bank A Branch -, operating out of Streator, Illinois. Here are the details on this Illinois small business loan.

SBA Loan Borrower

COMPANY TYPE: AUTO AND HOME SUPPLY STORES
STREATOR, IL 61364

SBA Loan Lender

STREATOR NATIONAL BANK A BRANCH -
2324 N BLOOMINGTON
STREATOR, IL 61364

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.

SIC Code

5531 - Auto and Home Supply Stores

NAICS Code

441310 - Automotive Parts and Accessories Stores

Loan Approval Date

2/1/2001

Loan Approval Gross Amount

$70,108

Loan Approval from the SBA

Of the total $70,108 loan amount, the SBA guaranteed $59,591.

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 5 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the loan proceeds to add employees or retain any existing employees.

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

SBA loans provide smart, affordable business financing for small businesses looking to expand.

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.

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