Damariscotta Bank & Trust Provides SBA Loan to Buy Napa Auto Parts Franchise

Need a loan to buy a Napa Auto Parts franchise? Damariscotta Bank & Trust has a history of making these loans and they are guaranteed by the SBA.

Napa Auto Parts franchise loans are available to Wiscasset, Maine entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Damariscotta Bank & Trust, based in Damariscotta, Maine, issued an SBA franchise loan for a Napa Auto Parts franchise in 2000. We've got all the details on this Maine small business loan.

SBA Loan Borrower

NICHOLS MOTORS INC.
WISCASSET, ME 04578

SBA Loan Lender

DAMARISCOTTA BANK & TRUST
25 MAIN ST
DAMARISCOTTA, ME 04543

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide debt financing to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5531 - Auto and Home Supply Stores

NAICS Code

441310 - Automotive Parts and Accessories Stores

Loan Approval Date

7/21/2000

Loan Approval Gross Amount

$75,000

Loan Approval from the SBA

Of the total $75,000 loan amount, the SBA guaranteed $56,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Napa Auto Parts franchise. At the time of the loan, the company had 10 employees. The loan application did not indicate that the company promised to use the money to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans provide money to small business owners for working capital for other expenses.

This SBA loan was for $75,000. How would you spend $75,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

NAPA Auto Parts

A Company That Helps Entrepreneurs

SBA Banks in Damariscotta, Maine

Maine SBA 7A Banks