Loan to Buy Napa Auto Parts Franchise Issued By New York Business Devel Corp

Need a loan to buy a Napa Auto Parts franchise? New York Business Devel Corp has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Napa Auto Parts franchise? If so, here's a 2002 SBA franchise loan that you should know about. New York Business Devel Corp was the lender and the entrepreneur was based in Warrensburg, New York.

SBA Loan Borrower

NAPA AUTO PARTS
WARRENSBURG, NY 12885

SBA Loan Lender

NEW YORK BUSINESS DEVEL CORP
50 BEAVER STREET, P.O. BOX 73
ALBANY, NY 12201

This lender issued this particular SBA 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.

SIC Code

5731 - Radio, TV, and Consumer Electronics Retailing

NAICS Code

441310 - Automotive Parts and Accessories Stores

Loan Approval Date

5/1/2002

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 used to buy a Napa Auto Parts franchise. At the time of the loan, the company had 5 employees. The loan application did not indicate that the SBA funding recipient planned to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you need business start up money in Warrensburg NY, you ought to talk with a local Warrensburg SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Warrensburg businesses.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like New York Business Devel Corp are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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:

NAPA Auto Parts

Small Business Loan

SBA 7A Banks for Albany, New York Loans

SBA Lenders in New York