Commercial Loans for Automobile Manufacturing

With these commercial loans for automobile manufacturing, the SBA guarantees the lender that the loan will be repaid. This automobile manufacturing loan for $480,000 was given to a Colorado entrepreneur in 2002.

This business received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with American National Bank, out of Denver, Colorado. The loan was granted and they received $480,000 to help grow their Wheatridge, Colorado business.

SBA Loan Borrower

COMPANY TYPE: AUTOMOBILE MANUFACTURING
WHEATRIDGE, CO 80033

SBA Loan Lender

AMERICAN NATIONAL BANK
3033 E 1ST AVE
DENVER, CO 80206

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA business loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

336111 - Automobile Manufacturing

Loan Approval Date

12/2/2002

Loan Approval Gross Amount

$480,000

Loan Approval from the SBA

Of the total $480,000 loan amount, the SBA guaranteed $360,000.

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 13 employees. The SBA loan application for the borrower did not indicate that the company planned to use the funding to increase staffing levels or retain any existing employees.

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

If you need money to start a small business or already have a business and need money to expand, an SBA loan can be a great source of funding.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like American National Bank 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.

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