Business Loans for General Automotive Repair
Looking for business loans for general automotive repair? Try the SBA. This $468,000 general automotive repair loan was issued by a California bank.
This business received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with American Security Bank, out of Santa Ana, California. The loan was granted and they received $468,000 to help grow their Laguna Beach, California business.
SBA Loan Borrower
COMPANY TYPE: GENERAL AUTOMOTIVE REPAIR
LAGUNA BEACH, CA 92677
SBA Loan Lender
AMERICAN SECURITY BANK
1 MACARTHUR PL, STE 110
SANTA ANA, CA 92707
As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.
SBA Loan Program Type
This loan was issued as a general business loan.
811111 - General Automotive Repair
Loan Approval Date
Loan Approval Gross Amount
Loan Approval from the SBA
Of the total $468,000 loan amount, the SBA guaranteed $351,000.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company
had 15 employees. This SBA loan request indicated that the loan would help retain 15 existing jobs.
Start the Process for Getting an SBA Loan Today!
SBA loans provide smart, affordable business financing for small businesses looking to expand.
This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.
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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