New Hampshire Entrepreneur Secures Financing to Buy Napa Auto Parts Franchise

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

An entrepreneur in Conway (census Name For Conway, New Hampshire needed money to invest in a Napa Auto Parts franchise back in 2004. Northway Bank issued an SBA franchise loan. Here are the details on this New Hampshire small business loan.

SBA Loan Borrower

C & H AUTO PARTS OF CONWAY INC
CONWAY (CENSUS NAME FOR CONWAY, NH 03818

SBA Loan Lender

NORTHWAY BANK
9 MAIN ST
BERLIN, NH 03570

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

441310 - Automotive Parts and Accessories Stores

Loan Approval Date

8/26/2004

Loan Approval Gross Amount

$20,000

Loan Approval from the SBA

Of the total $20,000 loan amount, the SBA guaranteed $17,000.

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 4 employees. The SBA loan application for the borrower indicated that the loan would help retain 4 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Northway Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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 - Friends and Family

Small Bank Loans in Berlin, New Hampshire

New Hampshire SBA Bank Lenders