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April 25, 2024 |
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| Home > Small Business Lenders by State > Nebraska Business Loan Sources > Hershey, Business Loans > The Hershey State Bank Hershey Business Loans > Odean Parts,Inc Loan | ||||
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Business Loans for Kimball Businesses
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Borrow Money to Buy a Napa Auto Parts FranchiseBorrowing money to buy a Napa Auto Parts franchise? The Hershey State Bank has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Napa Auto Parts franchise? If so, here's a 2000 SBA franchise loan that you should know about. The Hershey State Bank was the lender and the entrepreneur was based in Kimball, Nebraska. SBA Loan Borrower ODEAN PARTS,INC SBA Loan Lender THE HERSHEY STATE BANK This lender issued this particular debt financing 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 5013 - Motor Vehicle Supplies and New Parts Loan Approval Date 5/17/2000 Loan Approval Gross Amount $99,000 Loan Approval from the SBA Of the total $99,000 loan amount, the SBA guaranteed $79,200. 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 7 employees. The SBA loan documents did not indicate that the small business planned to use the loan proceeds 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. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like The Hershey State Bank and they will explain how you can get an SBA loan for your company. 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: SBA 7A Lenders in Hershey, Nebraska Where to Get an SBA Loan Nebraska
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