Garrison, ND Entrepreneur Gets SBA Loan to Buy Napa Auto Parts Franchise

Need money to buy a Napa Auto Parts franchise? Garrison State Bank And Trust has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Napa Auto Parts franchise may simply require a phone call to a local SBA banker. In 2006, Garrison State Bank And Trust issued an SBA franchise loan to an entrepreneur in Garrison, North Dakota. Because Napa Auto Parts was registered with the SBA's registry of franchises, this North Dakota small business loan was issued on an expedited basis.

SBA Loan Borrower

NAPA AUTO PARTS
GARRISON, ND 58540

SBA Loan Lender

GARRISON STATE BANK AND TRUST
102 N MAIN ST
GARRISON, ND 58540

This commercial loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

441310 - Automotive Parts and Accessories Stores

Loan Approval Date

12/19/2006

Loan Approval Gross Amount

$103,000

Loan Approval from the SBA

Of the total $103,000 loan amount, the SBA guaranteed $77,250.

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 only one employee. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the money to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

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.

Related Links:

NAPA Auto Parts

Getting a Small Business Loan

Best Garrison, North Dakota Banks for Small Business

SBA Lenders in North Dakota