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May 12, 2024 |
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| Home > Small Business Lenders by State > Washington Business Loan Sources > Port Orchard, Business Loans > Kitsap Bank Port Orchard Business Loans > Automotive Repair And Maintenance Loan | ||||
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Requirements for Business Owners On Getting a Loan
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Bank Loans for Automotive Repair and MaintenanceLooking for bank loans for automotive repair and maintenance? An SBA loan may be just what you've been looking for. This $110,000 automotive repair and maintenance loan was issued by a Washington bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Redmond, Washington was able to borrow $110,000 from Kitsap Bank. The SBA made the loan possible by guaranteeing $93,500 of this Washington small business loan. SBA Loan Borrower COMPANY TYPE: AUTOMOTIVE REPAIR AND MAINTENANCE SBA Loan Lender KITSAP BANK This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 811198 - Automotive Repair and Maintenance Loan Approval Date 9/27/2001 Loan Approval Gross Amount $110,000 Loan Approval from the SBA Of the total $110,000 loan amount, the SBA guaranteed $93,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. This SBA loan request indicated that the funding would help create 1 new job. Next Steps for Getting an SBA Loan SBA loans provide smart, affordable business financing for small businesses looking to expand. While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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 Port Orchard, Washington Banks for Small Business
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