Loan Census Banking News and Information
April 29, 2024  
 
 
  Business Loan Information  
 

I Need an SBA Loan to Buy a Franchise in Fallon, Nevada

 

 
Loan Census SBA Loan Info

Borrow Money to Buy a Meineke Discount Muffler Franchise

Borrowing money to buy a Meineke Discount Muffler franchise? Business Lenders, LLC has a history of making these loans and they are guaranteed by the SBA.

Meineke Discount Muffler franchise loans are available to Fallon, Nevada entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Business Lenders, LLC, based in Hartford, Connecticut, issued an SBA franchise loan for a Meineke Discount Muffler franchise in 2000. We've got all the details on this Nevada small business loan.

SBA Loan Borrower

MEINEKE DISCOUNT MUFFLER
FALLON, NV 89406

SBA Loan Lender

BUSINESS LENDERS, LLC
50 STATE HOUSE SQUARE 5TH FL
HARTFORD, CT 06103

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

811111 - General Automotive Repair

Loan Approval Date

11/13/2000

Loan Approval Gross Amount

$142,100

Loan Approval from the SBA

Of the total $142,100 loan amount, the SBA guaranteed $106,575.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Meineke Discount Muffler franchise. At the time of the loan, the company had 4 employees. The loan application indicated that the loan would help generate 2 new jobs and retain 2 existing jobs.

Next Steps for Getting an SBA Loan

Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $142,100 loan. Remember, fight for what you want, and it will be yours!

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:

Meineke Car Care Centers

The Art of Bootstrapping

Best Banks for Small Business in Hartford, Connecticut

Connecticut SBA Bank Lenders