Automotive Oil Change and Lubrication Shops SBA Loans

With these SBA loans for automotive oil change and lubrication shops, the SBA guarantees the lender that the loan will be repaid. This automotive oil change and lubrication shops loan for $177,700 was given to a Wisconsin entrepreneur in 2007.

Getting a small business loan in Saint Croix Falls, Wisconsin was important for this small business back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Charter Bank Eau Claire, operating out of Eau Claire, Wisconsin. Here are the details on this Wisconsin small business loan.

SBA Loan Borrower

COMPANY TYPE: AUTOMOTIVE OIL CHANGE AND LUBRICATION SHOPS
SAINT CROIX FALLS, WI 54024

SBA Loan Lender

CHARTER BANK EAU CLAIRE
1010 W CLAIREMONT AVE
EAU CLAIRE, WI 54701

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

811191 - Automotive Oil Change and Lubrication Shops

Loan Approval Date

5/3/2007

Loan Approval Gross Amount

$177,700

Loan Approval from the SBA

Of the total $177,700 loan amount, the SBA guaranteed $88,850.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 3 employees. The loan application indicated that the loan would help generate 1 new job and retain 2 existing jobs.

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

If you need money to start a small business or already have a business and need money to expand, an SBA loan can be a great source of funding.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Strategic Investors

SBA Participating Banks in Eau Claire, Wisconsin

Getting an SBA Loan in Wisconsin