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May 16, 2024 |
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| Home > Small Business Lenders by State > Maryland Business Loan Sources > Bethesda, Business Loans > Eaglebank Bethesda Business Loans > General Automotive Repair Loan | ||||
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Maryland Small Business Funding
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Where to Get Capital for General Automotive RepairLooking for SBA loans for general automotive repair? Talk to a banker who works with the SBA. This $480,000 general automotive repair loan was issued by a Maryland bank. This business received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Eaglebank, out of Bethesda, Maryland. The loan was granted and they received $480,000 to help grow their Rockville, Maryland business. SBA Loan Borrower COMPANY TYPE: GENERAL AUTOMOTIVE REPAIR SBA Loan Lender EAGLEBANK This lender provides SBA debt financing as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 811111 - General Automotive Repair Loan Approval Date 6/23/2005 Loan Approval Gross Amount $480,000 Loan Approval from the SBA Of the total $480,000 loan amount, the SBA guaranteed $360,000. 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 13 employees. The SBA loan documents indicated that the loan would help retain 13 existing jobs. Getting an SBA Loan For Your Business SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. While you may be able to find other ways to get money to start a business, 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: SBA Approved Banks in Bethesda, Maryland
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