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May 18, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Henderson, Business Loans > Washington Mutual Bank Henderson Business Loans > Automotive Repair And Maintenance Loan | ||||
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I Need a Business Loan in College Park, Georgia
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Business Loans for Automotive Repair and MaintenanceLooking for business loans for automotive repair and maintenance? An SBA loan may be just what you've been looking for. This $100,000 automotive repair and maintenance loan was issued by a Nevada bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in College Park, Georgia was able to borrow $100,000 from Washington Mutual Bank. The SBA made the loan possible by guaranteeing $50,000 of this Georgia small business loan. SBA Loan Borrower COMPANY TYPE: AUTOMOTIVE REPAIR AND MAINTENANCE SBA Loan Lender WASHINGTON MUTUAL BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 811198 - Automotive Repair and Maintenance Loan Approval Date 11/27/2007 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $50,000. 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 25 employees. The SBA loan application for the borrower indicated that the loan would help retain 25 existing jobs. Great, But How Can I Get an SBA Loan for My Business? Every year, the SBA guarantees over $10 billion for loans just like this one. While you may be able to find other ways to get money to start a business, 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: Who Lends Money to Small Businesses in Henderson, Nevada
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