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April 20, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Truckee, Business Loans > Bank Of The West Truckee Business Loans > Econo Lube N' Tune Loan | ||||
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Bank Of The West Franchise Business Loans
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California Entrepreneur Secures Financing to Buy Econo Lub N Tune FranchiseBorrowing money to purchase an Econo Lub N Tune franchise? Bank Of The West has a history of making these loans and they are guaranteed by the SBA. Getting money to buy an Econo Lub N Tune franchise shouldn't be too tough. In 2002, Bank Of The West issued an SBA franchise loan to an entrepreneur in Citrus Heights, California. Because Econo Lub N Tune was registered with the SBA's registry of franchises, this California small business loan was issued on an expedited basis. SBA Loan Borrower ECONO LUBE N' TUNE SBA Loan Lender BANK OF THE WEST The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide loans to to our country's hard-working small business owners. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 811111 - General Automotive Repair Loan Approval Date 10/16/2002 Loan Approval Gross Amount $112,000 Loan Approval from the SBA Of the total $112,000 loan amount, the SBA guaranteed $95,200. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy an Econo Lub N Tune franchise. At the time of the loan, the company had 6 employees. The SBA loan application for the borrower did not indicate that the company planned to use the loan proceeds to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! If you have been wondering how do i get money to start a business in Citrus Heights CA, you ought to talk with a local Citrus Heights SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Citrus Heights businesses. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $112,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: SBA 7A Lenders in Truckee, California
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