SBA Loans for Motor Vehicle Supplies and New Parts Merchant Wholesalers

Looking for SBA loans for motor vehicle supplies and new parts merchant wholesalers? Talk to a banker who works with the SBA. This $230,000 motor vehicle supplies and new parts merchant wholesalers loan was issued by a Colorado bank.

This business knew how to go about getting a business bank loan. Based in Pagosa Springs, Colorado, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Citizens Bank - Pagosa Springs, based in Pagosa Springs, Colorado.

SBA Loan Borrower

COMPANY TYPE: MOTOR VEHICLE SUPPLIES AND NEW PARTS MERCHANT WHOLESALERS
PAGOSA SPRINGS, CO 81147

SBA Loan Lender

CITIZENS BANK - PAGOSA SPRINGS
703 SAN JUAN ST
PAGOSA SPRINGS, CO 81147

This lender issued this loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

423120 - Motor Vehicle Supplies and New Parts Merchant Wholesalers

Loan Approval Date

3/15/2005

Loan Approval Gross Amount

$230,000

Loan Approval from the SBA

Of the total $230,000 loan amount, the SBA guaranteed $172,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 2 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the money to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you need money to start a small business or need money to grow a business, an SBA loan can be a great source of funding.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Citizens Bank - Pagosa Springs are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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.

Related Links:

Advice on Getting a Small Business Loan

Where to Get an SBA Loan in Pagosa Springs, Colorado

Colorado SBA 7A Banks