Loan to Buy Western Auto Store Franchise Issued By New York Business Devel Corp

Borrowing money to purchase a Western Auto Store franchise? New York Business Devel Corp has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Western Auto Store franchise? If so, here's a 2000 SBA franchise loan that you should know about. New York Business Devel Corp was the lender and the entrepreneur was based in Ellenburg, New York.

SBA Loan Borrower

LECLAIR, ARMOND & PEARL
ELLENBURG, NY 12935

SBA Loan Lender

NEW YORK BUSINESS DEVEL CORP
50 BEAVER STREET, P.O. BOX 73
ALBANY, NY 12201

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide debt financing 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

5531 - Auto and Home Supply Stores

Loan Approval Date

8/17/2000

Loan Approval Gross Amount

$580,500

Loan Approval from the SBA

Of the total $580,500 loan amount, the SBA guaranteed $435,375.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Western Auto Store franchise. At the time of the loan, the company had 27 employees. This SBA loan request indicated that the loan would help generate 17 new jobs and retain 10 existing jobs.

Getting an SBA Loan For Your Business

SBA loans provide money to small business owners for working capital for other expenses.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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.

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