Loan to Buy Gmc dealers Franchise Issued By Alliance Banking Company

Need a loan to buy a Gmc dealers franchise? Alliance Banking Company has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Winchester, Kentucky needed money to invest in a Gmc dealers franchise back in 2004. Alliance Banking Company issued an SBA franchise loan. Here are the details on this Kentucky small business loan.

SBA Loan Borrower

MIKE WILSON CHEVROLET OLDS
WINCHESTER, KY 40391

SBA Loan Lender

ALLIANCE BANKING COMPANY
695 BULLION BLVD
WINCHESTER, KY 40391

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

441110 - New Car Dealers

Loan Approval Date

5/13/2004

Loan Approval Gross Amount

$750,000

Loan Approval from the SBA

Of the total $750,000 loan amount, the SBA guaranteed $562,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Gmc dealers franchise. At the time of the loan, the company had 29 employees. The SBA loan application for the borrower did not indicate that the company promised to use the money to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Every year, the SBA guarantees over $10 billion for loans just like this one.

We can help you find the best banks for small businesses in Winchester 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:

Business Line of Credit

SBA 7A Banks for Winchester, Kentucky Loans

Kentucky SBA 7A Lenders