SBA Loans for Automotive Body, Paint, and Interior Repair and Maintenance

With these SBA 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 $51,200 was given to a Louisiana entrepreneur in 2006.

This business knew how to go about getting a business bank loan. Based in St. Martinville, Louisiana, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was Wilshire Louisiana Bidco, LLC, based in Baton Rouge, Louisiana.

SBA Loan Borrower

COMPANY TYPE: AUTOMOTIVE BODY, PAINT, AND INTERIOR REPAIR AND MAINTENANCE
ST. MARTINVILLE, LA 70582

SBA Loan Lender

WILSHIRE LOUISIANA BIDCO, LLC
8752 QUARTERS LAKE ROAD, SUIT
BATON ROUGE, LA 70809

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program.

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

12/11/2006

Loan Approval Gross Amount

$51,200

Loan Approval from the SBA

Of the total $51,200 loan amount, the SBA guaranteed $43,520.

More Information on This SBA Loan

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

Great, But How Can I Get an SBA Loan for My Business?

If you are wondering how to raise money for a company in St. Martinville LA, you ought to talk with a local St. Martinville SBA lender or talk with an out-of-area SBA lender that has previously loaned money to St. Martinville businesses.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Wilshire Louisiana Bidco, LLC are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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:

Advice on Getting a Small Business Loan

Who Lends Money to Small Businesses in Baton Rouge, Louisiana

SBA Louisiana Lenders