Borrowing Money for General Automotive Repair

Looking for loans for general automotive repair? An SBA loan may be just what you've been looking for. This $165,800 general automotive repair loan was issued by a California bank.

Getting a small business loan in Yuba City, California was important for this company back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Umpqua Bank, operating out of Yuba City, California. Here are the details on this California small business loan.

SBA Loan Borrower

COMPANY TYPE: GENERAL AUTOMOTIVE REPAIR
YUBA CITY, CA 95991

SBA Loan Lender

UMPQUA BANK
777 COLUSA AVE
YUBA CITY, CA 95991

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.

NAICS Code

811111 - General Automotive Repair

Loan Approval Date

2/11/2002

Loan Approval Gross Amount

$165,800

Loan Approval from the SBA

Of the total $165,800 loan amount, the SBA guaranteed $124,350.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The SBA loan documents did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees.

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

SBA loans provide money to small business owners for working capital for other expenses.

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

Small Business Credit Cards

SBA 7A Lenders in Yuba City, California

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