Borrow Money to Buy a Chevrolet Franchise

Need money to invest in a Chevrolet franchise? Tri-Valley Bank has a history of making these loans and they are guaranteed by the SBA.

Chevrolet franchise loans are available to Glenwood, Iowa entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Tri-Valley Bank, based in Randolph, Iowa, issued an SBA franchise loan for a Chevrolet franchise in 2005. We've got all the details on this Iowa small business loan.

SBA Loan Borrower

TERRY THOMAS AUTO CENTER
GLENWOOD, IA 51534

SBA Loan Lender

TRI-VALLEY BANK
104 MAIN ST
RANDOLPH, IA 51649

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

441110 - New Car Dealers

Loan Approval Date

6/16/2005

Loan Approval Gross Amount

$1,800,000

Loan Approval from the SBA

Of the total $1,800,000 loan amount, the SBA guaranteed $1,350,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Chevrolet franchise. At the time of the loan, the company had 20 employees. This SBA loan request did not indicate that the small business planned to use the money to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Many small businesses receive loans backed by the U.S. Small Business Administration.

We can help you find the best banks for small businesses in Glenwood or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Business Cash Advances

Small Bank Loans in Randolph, Iowa

Getting an SBA Loan in Iowa