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May 25, 2022  
 
 
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Loan Census SBA Loan Info

Automotive Body, Paint, and Interior Repair and Maintenance Small Business Loans

Looking for small business loans for automotive body, paint, and interior repair and maintenance? Talk to a banker who works with the SBA. This $173,400 automotive body, paint, and interior repair and maintenance loan was issued by an Arkansas bank.

This small firm received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with First National Banking Company, out of Ash Flat, Arkansas. The loan was granted and they received $173,400 to help grow their Batesville, Arkansas business.

SBA Loan Borrower

COMPANY TYPE: AUTOMOTIVE BODY, PAINT, AND INTERIOR REPAIR AND MAINTENANCE
BATESVILLE, AR 72501

SBA Loan Lender

FIRST NATIONAL BANKING COMPANY
636 ASH FLAT DR
ASH FLAT, AR 72513

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide bank loans to to our country's hard-working small business owners.

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

11/23/2005

Loan Approval Gross Amount

$173,400

Loan Approval from the SBA

Of the total $173,400 loan amount, the SBA guaranteed $130,050.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 5 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the money to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. First National Banking Company had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, First National Banking Company made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

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Who Lends Money to Small Businesses in Ash Flat, Arkansas

Arkansas SBA Bank Lenders