Financing for Automotive Repair and Maintenance

Looking for commercial loans for automotive repair and maintenance? The SBA may be the answer. This $341,600 automotive repair and maintenance loan was issued by an Oklahoma bank.

Hooper's Preformance Automotiv knew how to go about getting a business bank loan. Based in Newcastle, Oklahoma, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Bank - Oklahoma, based in Tulsa, Oklahoma.

SBA Loan Borrower

HOOPER'S PREFORMANCE AUTOMOTIV
2830 NW 32ND
NEWCASTLE, OK 73065

SBA Loan Lender

BANK - OKLAHOMA
ONE WILLIAMS CTR
TULSA, OK 74172

This small business loan was provided by a small business banker with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loan guaranty requests to the SBA get more expeditious service from the SBA on their loan applications.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7539 - Automotive Repair Shops, N.E.C.

NAICS Code

811198 - All Other Automotive Repair and Maintenance

Loan Approval Date

10/18/2001

Loan Approval Gross Amount

$341,600

Loan Approval from the SBA

Of the total $341,600 loan amount, the SBA guaranteed $256,200.

More Information on This SBA Loan

The borrower, Hooper's Preformance Automotiv, borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 7 employees. The SBA loan documents did not indicate that the business planned to use the funding to add employees or retain any existing employees. This loan was paid in full, and was closed out on 6/19/2003.

Start the Process for Getting an SBA Loan Today!

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

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Bank - Oklahoma that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's SBA loan database.

Related Links:

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Oklahoma SBA Banks

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