American Federal Savings Bank Provides SBA Loan to Buy Napa Auto Parts Franchise

Need a loan to buy a Napa Auto Parts franchise? American Federal Savings Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Helena, Montana needed money to invest in a Napa Auto Parts franchise back in 2003. American Federal Savings Bank issued an SBA franchise loan. Here are the details on this Montana small business loan.

SBA Loan Borrower

CENTRAL PARTS CO.
HELENA, MT 59601

SBA Loan Lender

AMERICAN FEDERAL SAVINGS BANK
1400 PROSPECT AVE
HELENA, MT 59601

This bank 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

12/3/2003

Loan Approval Gross Amount

$800,000

Loan Approval from the SBA

Of the total $800,000 loan amount, the SBA guaranteed $600,000.

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 24 employees. The SBA loan application for the borrower did not indicate that the business promised to use the funding to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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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