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May 15, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > Henderson, Business Loans > Washington Mutual Bank Henderson Business Loans > Motor Vehicle Parts And Accessories Loan | ||||
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Requirements for Business Owners On Getting a Loan
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Motor Vehicle Body Manufacturing Business LoansLooking for business loans for motor vehicle body manufacturing? The SBA may be the answer. This $495,000 motor vehicle body manufacturing loan was issued by a Nevada bank. This business received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Washington Mutual Bank, out of Henderson, Nevada. The loan was granted and they received $495,000 to help grow their Monroe, Ohio business. SBA Loan Borrower COMPANY TYPE: MOTOR VEHICLE PARTS AND ACCESSORIES SBA Loan Lender WASHINGTON MUTUAL BANK As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 3714 - Motor Vehicle Parts and Accessories NAICS Code 336211 - Motor Vehicle Body Manufacturing Loan Approval Date 10/6/2000 Loan Approval Gross Amount $495,000 Loan Approval from the SBA Of the total $495,000 loan amount, the SBA guaranteed $371,250. 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 3 employees. The loan application indicated that the loan would help generate 3 new jobs and retain 3 existing jobs. Getting an SBA Loan For Your Business SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Washington Mutual Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: Borrowing Money from Friends and Family SBA 7A Banks for Henderson, Nevada Loans
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