Raising Money for General Automotive Repair

Looking for bank loans for general automotive repair? Try the SBA. This $65,300 general automotive repair loan was issued by a Nebraska bank.

Getting a small business loan in Ponca, Nebraska was important for this company back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Security National Bank, operating out of Laurel, Nebraska. Here are the details on this Nebraska small business loan.

SBA Loan Borrower

COMPANY TYPE: GENERAL AUTOMOTIVE REPAIR
PONCA, NE 68770

SBA Loan Lender

SECURITY NATIONAL BANK
202 E 2ND ST
LAUREL, NE 68745

This was a Low Documentation SBA loan. The SBA started this program to minimize the paperwork associated with appliying for an SBA loan . The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

811111 - General Automotive Repair

Loan Approval Date

7/7/2004

Loan Approval Gross Amount

$65,300

Loan Approval from the SBA

Of the total $65,300 loan amount, the SBA guaranteed $55,505.

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 3 employees. The SBA loan application for the borrower did not indicate that the company planned to use the money to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

Many small businesses receive loans backed by the U.S. Small Business Administration.

This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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:

Choosing VC Firms

Where to Get an SBA Loan in Laurel, Nebraska

Nebraska SBA Bank Lenders