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May 3, 2024 |
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| Home > Small Business Lenders by State > Maryland Business Loan Sources > St. Louis, Business Loans > Ge Cap. Small Business Finan Corp St. Louis Business Loans > General Automotive Repair Loan | ||||
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How Hard Is It to Get a Small Business Loan in Bel Air, Maryland?
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General Automotive Repair Small Business LoansLooking for small business loans for general automotive repair? The SBA may be the answer. This $320,000 general automotive repair loan was issued by a Missouri bank. This small firm received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Ge Cap. Small Business Finan Corp, out of St. Louis, Missouri. The loan was granted and they received $320,000 to help grow their Bel Air, Maryland business. SBA Loan Borrower COMPANY TYPE: GENERAL AUTOMOTIVE REPAIR SBA Loan Lender GE CAP. SMALL BUSINESS FINAN CORP This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 811111 - General Automotive Repair Loan Approval Date 10/6/2000 Loan Approval Gross Amount $320,000 Loan Approval from the SBA Of the total $320,000 loan amount, the SBA guaranteed $240,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 7 employees. The SBA loan application for the borrower indicated that the loan would help generate 5 new jobs and retain 7 existing jobs. Getting an SBA Loan For Your Business SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. We can help you find the best banks for small businesses in Bel Air or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Dealing With Venture Capitalists Best Banks in St. Louis, Missouri Getting a Business Loan in Missouri
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