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April 19, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Pine City, Business Loans > Horizon Bank Pine City Business Loans > North Branch Napa Auto Parts Loan | ||||
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North Branch, Minnesota Bank for SBA Loans
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North Branch, MN Entrepreneur Gets SBA Loan to Buy Napa Auto Parts FranchiseNeed money to purchase a Napa Auto Parts franchise? Horizon 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 2002 SBA franchise loan that you should know about. Horizon Bank was the lender and the entrepreneur was based in North Branch, Minnesota. SBA Loan Borrower NORTH BRANCH NAPA AUTO PARTS SBA Loan Lender HORIZON BANK The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide bank loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 441310 - Automotive Parts and Accessories Stores Loan Approval Date 7/1/2002 Loan Approval Gross Amount $391,000 Loan Approval from the SBA Of the total $391,000 loan amount, the SBA guaranteed $293,250. 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 4 employees. The loan application did not indicate that the business promised to use the money to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! If you are interested in getting money to start a business or need money for an existing business, an SBA loan can be a great source of funding. This SBA loan was for $391,000. How would you spend $391,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Best Banks in Pine City, Minnesota
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