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April 29, 2024 |
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| Home > Small Business Lenders by State > Oregon Business Loan Sources > Truckee, Business Loans > Bank Of The West Truckee Business Loans > Oil Change Central Inc Loan | ||||
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Medford, Oregon Bank Loan
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Borrow Money to Buy an Oilstop Service Center FranchiseNeed money to purchase an Oilstop Service Center franchise? Bank Of The West has a history of making these loans and they are guaranteed by the SBA. Getting money to buy an Oilstop Service Center franchise may simply require a phone call to a local SBA banker. In 2001, Bank Of The West issued an SBA franchise loan to an entrepreneur in Medford, Oregon. Because Oilstop Service Center was registered with the SBA's registry of franchises, this Oregon small business loan was issued on an expedited basis. SBA Loan Borrower OIL CHANGE CENTRAL INC SBA Loan Lender BANK OF THE WEST As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. 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 7/24/2001 Loan Approval Gross Amount $93,600 Loan Approval from the SBA Of the total $93,600 loan amount, the SBA guaranteed $79,560. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy an Oilstop Service Center franchise. At the time of the loan, the company had only one employee. The loan application indicated that the loan would help generate 5 new jobs and retain 5 existing jobs. Start the Process for Getting an SBA Loan Today! Don't forget. To get an SBA loan, you must 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. This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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: Oilstop-Drive Thru Oil Change Centers SBA Approved Banks in Truckee, California
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