Borrow Money to Buy a Napa Auto Parts Franchise

Need a loan to purchase a Napa Auto Parts franchise? Guaranty Bank & Trust Co. has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Napa Auto Parts franchise is doable. In 2004, Guaranty Bank & Trust Co. issued an SBA franchise loan to an entrepreneur in Hollandale, Mississippi. Because Napa Auto Parts was registered with the SBA's registry of franchises, this Mississippi small business loan was issued on an expedited basis.

SBA Loan Borrower

NAPA AUTO PARTS (DELTA MACHINE
HOLLANDALE, MS 38748

SBA Loan Lender

GUARANTY BANK & TRUST CO.
201 EAST AVE SOUTH
HOLLANDALE, MS 38748

This lender issued this particular business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

1799 - Special Trade Contractors

NAICS Code

238390 - Building Finishing Contractors

Loan Approval Date

1/6/2004

Loan Approval Gross Amount

$141,903

Loan Approval from the SBA

Of the total $141,903 loan amount, the SBA guaranteed $120,617.

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 10 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the funding to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

We can help you find the best banks for small businesses in Hollandale 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:

NAPA Auto Parts

Attracting Investors

SBA 7A Lenders in Hollandale, Mississippi

Mississippi SBA Bank Lenders