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April 19, 2024 |
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| Home > Small Business Lenders by State > Maryland Business Loan Sources > Providence, Business Loans > Textron Financial Corp Providence Business Loans > Napa Auto Parts Loan | ||||
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Bel Air, Maryland Bank for SBA Loans
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Textron Financial Corp Provides SBA Loan to Buy Napa Auto Parts FranchiseNeed money to buy a Napa Auto Parts franchise? Textron Financial Corp has a history of making these loans and they are guaranteed by the SBA. Napa Auto Parts franchise loans are available to Bel Air, Maryland entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Textron Financial Corp, based in Providence, Rhode Island, issued an SBA franchise loan for a Napa Auto Parts franchise in 2001. We've got all the details on this Maryland small business loan. SBA Loan Borrower NAPA AUTO PARTS SBA Loan Lender TEXTRON FINANCIAL CORP The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide loans to to entrepreneurs who might have trouble getting a conventional bank 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 6/4/2001 Loan Approval Gross Amount $297,110 Loan Approval from the SBA Of the total $297,110 loan amount, the SBA guaranteed $222,833. 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 5 employees. The loan application did not indicate that the small business promised to use the funding to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Textron Financial Corp and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: Determining Proper Capital Structure for a Business Small Bank Loans in Providence, Rhode Island
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