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April 29, 2024 |
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| Home > Small Business Lenders by State > Oklahoma Business Loan Sources > New York, Business Loans > Business Loan Center, LLC New York Business Loans > Kwik Kar Lube & Tune On Santa Loan | ||||
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Edmond, Oklahoma Bank for SBA Loans
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Borrow Money to Buy a Kwik Kar Oil & Lube FranchiseBorrowing money to buy a Kwik Kar Oil & Lube franchise? Business Loan Center, LLC has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Edmond, Oklahoma needed money to invest in a Kwik Kar Oil & Lube franchise back in 2001. Business Loan Center, LLC issued an SBA franchise loan. Here are the details on this Oklahoma small business loan. SBA Loan Borrower KWIK KAR LUBE & TUNE ON SANTA SBA Loan Lender BUSINESS LOAN CENTER, LLC SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 811191 - Automotive Oil Change and Lubrication Shops Loan Approval Date 10/18/2001 Loan Approval Gross Amount $968,400 Loan Approval from the SBA Of the total $968,400 loan amount, the SBA guaranteed $726,300. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Kwik Kar Oil & Lube franchise. At the time of the loan, the company had 6 employees. This SBA loan request did not indicate that the small business promised to use the money to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Business Loan Center, LLC and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: Who Lends Money to Small Businesses in New York, New York
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