Financing for Automotive Repair and Maintenance

Looking for commercial loans for automotive repair and maintenance? Talk to a banker who works with the SBA. This $214,800 automotive repair and maintenance loan was issued by an Ohio bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Orlando, Florida was able to borrow $214,800 from United Midwest Savings Bank. The SBA made the loan possible by guaranteeing $161,100 of this Florida small business loan.

SBA Loan Borrower

COMPANY TYPE: AUTOMOTIVE REPAIR AND MAINTENANCE
ORLANDO, FL 32877

SBA Loan Lender

UNITED MIDWEST SAVINGS BANK
4848 REED RD
COLUMBUS, OH 43220

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide SBA bank loans to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

811198 - Automotive Repair and Maintenance

Loan Approval Date

5/21/2003

Loan Approval Gross Amount

$214,800

Loan Approval from the SBA

Of the total $214,800 loan amount, the SBA guaranteed $161,100.

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 6 employees. This SBA loan request did not indicate that the business planned to use the money to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

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:

Bank Credit Lines

SBA Approved Banks in Columbus, Ohio

Getting an SBA Loan in Ohio