Small Business Loans for General Automotive Repair

Looking for small business loans for general automotive repair? The SBA may be the answer. This $623,000 general automotive repair loan was issued by a California bank.

This company knew how to go about getting a business bank loan. Based in Vacaville, California, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was First Northern Bank Of Dixon, based in West Sacramento, California.

SBA Loan Borrower

COMPANY TYPE: GENERAL AUTOMOTIVE REPAIR SHOPS
VACAVILLE, CA 95688

SBA Loan Lender

FIRST NORTHERN BANK OF DIXON
1300 HARBOR BLVD
WEST SACRAMENTO, CA 95691

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

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7538 - General Automotive Repair Shops

NAICS Code

811111 - General Automotive Repair

Loan Approval Date

1/25/2002

Loan Approval Gross Amount

$623,000

Loan Approval from the SBA

Of the total $623,000 loan amount, the SBA guaranteed $467,250.

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

Getting an SBA Loan For Your Business

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

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. First Northern Bank Of Dixon had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, First Northern Bank Of Dixon made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Obtaining Funding - How to Borrow Money

Best Banks in West Sacramento, California

Where to Get an SBA Loan California