Loan Census Banking News and Information
July 22, 2024  
 
 
  Business Loan Information  
 

Sun Valley, California Bank Loan

 

 
Loan Census SBA Loan Info

How to Get a Loan for Automotive Parts and Accessories Stores

With these commercial loans for automotive parts and accessories stores, the SBA guarantees the lender that the loan will be repaid. This automotive parts and accessories stores loan for $442,000 was given to a California entrepreneur in 2001.

This business received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Pacific Western Bank, out of Los Angeles, California. The loan was granted and they received $442,000 to help grow their Sun Valley, California business.

SBA Loan Borrower

COMPANY TYPE: MOTOR VEHICLE PARTS, USED
SUN VALLEY, CA 91352

SBA Loan Lender

PACIFIC WESTERN BANK
11150 W OLYMPIC BLVD
LOS ANGELES, CA 90064

This lender issued this loan for a small business under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program was started 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.

SIC Code

5015 - Motor Vehicle Parts, Used

NAICS Code

441310 - Automotive Parts and Accessories Stores

Loan Approval Date

1/5/2001

Loan Approval Gross Amount

$442,000

Loan Approval from the SBA

Of the total $442,000 loan amount, the SBA guaranteed $331,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 7 employees. The loan application did not indicate that the business planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

Many small businesses receive loans backed by the U.S. Small Business Administration.

We can help you find the best banks for small businesses in Sun Valley or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Equity Financing

SBA Banks in Los Angeles, California

SBA Lenders in California