Loan Census Banking News and Information
April 24, 2024  
 
 
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Requirements for Borrowing Money to Buy a Franchise

 

 
Loan Census SBA Loan Info

Liberty Bank Provides SBA Loan to Buy Napa Auto Parts Franchise

Borrowing money to purchase a Napa Auto Parts franchise? Liberty Bank has a history of making these loans and they are guaranteed by the SBA.

Napa Auto Parts franchise loans are available to Fair Play, Missouri entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Liberty Bank, based in Springfield, Missouri, issued an SBA franchise loan for a Napa Auto Parts franchise in 2002. We've got all the details on this Missouri small business loan.

SBA Loan Borrower

STOCKTON AUTOMOTIVE PARTS, LLC
FAIR PLAY, MO 65649

SBA Loan Lender

LIBERTY BANK
1414 E PRIMROSE
SPRINGFIELD, MO 65804

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7539 - Automotive Repair Shops

NAICS Code

811118 - Automotive Mechanical and Electrical Repair and Maintenance

Loan Approval Date

1/24/2002

Loan Approval Gross Amount

$270,000

Loan Approval from the SBA

Of the total $270,000 loan amount, the SBA guaranteed $202,500.

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 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 3 new jobs and retain 2 existing jobs.

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

If you need business start up money in Fair Play MO, you ought to talk with a local Fair Play SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Fair Play businesses.

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

Famous Venture Capitalists

Small Business Banks in Springfield, Missouri

Getting an SBA Loan in Missouri