Borrow Money to Buy a Tires Plus Franchise

Need money to invest in a Tires Plus franchise? First Internatl Bank & Tr has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Tires Plus franchise may simply require a phone call to a local SBA banker. In 2000, First Internatl Bank & Tr issued an SBA franchise loan to an entrepreneur in Minot, North Dakota. Because Tires Plus was registered with the SBA's registry of franchises, this North Dakota small business loan was issued on an expedited basis.

SBA Loan Borrower

TIRES PLUS
MINOT, ND 58701

SBA Loan Lender

FIRST INTERNATL BANK & TR
1705 2ND AVE SW
MINOT, ND 58701

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This small business loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5531 - Auto and Home Supply Stores

Loan Approval Date

2/18/2000

Loan Approval Gross Amount

$80,000

Loan Approval from the SBA

Of the total $80,000 loan amount, the SBA guaranteed $60,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Tires Plus franchise. At the time of the loan, the company had 12 employees. This SBA loan request did not indicate that the small business promised to use the funding to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

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

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like First Internatl Bank & Tr and they will explain how you can get an SBA loan for your company.

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:

Tires Plus Franchising Corporation

How Much Venture Capital Is There?

Where to Get an SBA Loan in Minot, North Dakota

SBA Participating Banks in North Dakota