Massachusetts Entrepreneur Secures Financing to Buy Napa Auto Parts Franchise

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.

Napa Auto Parts franchise loans are available to Amesbury, Massachusetts entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, The Provident Bank, based in Amesbury, Massachusetts, issued an SBA franchise loan for a Napa Auto Parts franchise in 2003. We've got all the details on this Massachusetts small business loan.

SBA Loan Borrower

MOTORTOWN AUTOPARTS
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

3/13/2003

Loan Approval Gross Amount

$220,000

Loan Approval from the SBA

Of the total $220,000 loan amount, the SBA guaranteed $165,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Napa Auto Parts franchise. At the time of the loan, the company had 8 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the money to increase staffing levels or retain any existing employees.

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

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:

NAPA Auto Parts

Startup Funding Tip

Best Amesbury, Massachusetts Banks for Small Business

SBA Participating Banks in Massachusetts