Loan to Buy Napa Auto Parts Franchise Issued By The Provident Bank

Need a loan to purchase a Napa Auto Parts franchise? The Provident Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Napa Auto Parts franchise shouldn't be too tough. In 2002, The Provident Bank issued an SBA franchise loan to an entrepreneur in Amesbury, Massachusetts. Because Napa Auto Parts was registered with the SBA's registry of franchises, this Massachusetts small business loan was issued on an expedited basis.

SBA Loan Borrower

MOTORTOWN AUTO PARTS
AMESBURY, MA 01913

SBA Loan Lender

THE PROVIDENT BANK
5 MARKET ST
AMESBURY, MA 01913

This loan for a small business was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5013 - Motor Vehicle Supplies and New Parts

NAICS Code

441310 - Automotive Parts and Accessories Stores

Loan Approval Date

2/22/2002

Loan Approval Gross Amount

$450,000

Loan Approval from the SBA

Of the total $450,000 loan amount, the SBA guaranteed $337,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Napa Auto Parts franchise. At the time of the loan, the company had 10 employees. The SBA loan documents did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

If you need business start up money in Amesbury MA, you ought to talk with a local Amesbury SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Amesbury businesses.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $450,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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:

NAPA Auto Parts

Obtaining Funding - How to Borrow Money

Banks in Amesbury, Massachusetts

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