Raising Money for Automotive Body, Paint, and Interior Repair and Maintenance

With these business loans for automotive body, paint, and interior repair and maintenance, the SBA guarantees the lender that the loan will be repaid. This automotive body, paint, and interior repair and maintenance loan for $7,200 was given to an Iowa entrepreneur in 2006.

This business knew how to go about getting a business bank loan. Based in Ida Grove, Iowa, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was United Bank Of Iowa, based in Ida Grove, Iowa.

SBA Loan Borrower

COMPANY TYPE: AUTOMOTIVE BODY, PAINT, AND INTERIOR REPAIR AND MAINTENANCE
IDA GROVE, IA 51445

SBA Loan Lender

UNITED BANK OF IOWA
THIRD & MAIN STS
IDA GROVE, IA 51445

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 small business loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

811121 - Automotive Body, Paint, and Interior Repair and Maintenance

Loan Approval Date

12/5/2006

Loan Approval Gross Amount

$7,200

Loan Approval from the SBA

Of the total $7,200 loan amount, the SBA guaranteed $6,120.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. This SBA loan request did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

We've showcased information on this loan to let you know that businesses like yours 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:

Advice on Getting a Small Business Loan

SBA Participating Banks in Ida Grove, Iowa

SBA Participating Banks in Iowa