Where to Get Capital for Automotive Body, Paint, and Interior Repair and Maintenance
Looking for small business loans for automotive body, paint, and interior repair and maintenance? Talk to a banker who works with the SBA. This $255,000 automotive body, paint, and interior repair and maintenance loan was issued by an Illinois bank.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Redford Township, Michigan was able to borrow $255,000 from National City Bank. The SBA made the loan possible by guaranteeing $127,500 of this Michigan small business loan.
SBA Loan Borrower
COMPANY TYPE: AUTOMOTIVE BODY, PAINT, AND INTERIOR REPAIR AND MAINTENANCE
REDFORD TOWNSHIP, MI 48239
SBA Loan Lender
NATIONAL CITY BANK
2595 WAUKEGAN RD
BANNOCKBURN, IL 60015
This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
811121 - Automotive Body, Paint, and Interior Repair and Maintenance
Loan Approval Date
6/24/2004
Loan Approval Gross Amount
$255,000
Loan Approval from the SBA
Of the total $255,000 loan amount, the SBA guaranteed $127,500.
More Information on This SBA Loan
The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had 2 employees. The loan application indicated that the loan would help generate 3 new jobs and retain 2 existing jobs.
Start the Process for Getting an SBA Loan Today!
If you need business start up money in Redford Township MI, you ought to talk with a local Redford Township SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Redford Township businesses.
This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.
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:
Small Business Loan
Best Bannockburn, Illinois Banks for Small Business
Illinois SBA 7A Lenders