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March 28, 2024  
 
 
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Loan Census SBA Loan Info

D. L. Evans Bank Provides SBA Loan to Buy Grease Monkey Franchise

Borrowing money to invest in a Grease Monkey franchise? D. L. Evans Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near Chubbuck, Idaho and are interested in buying a Grease Monkey franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2007 by D. L. Evans Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

GBD, LLC
Chubbuck, ID 83202

SBA Loan Lender

D. L. EVANS BANK
397 N OVERLAND AVE
BURLEY, ID 83318

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

531120 - Lessors of Nonresidential Buildings

Loan Approval Date

8/30/2007

Loan Approval Gross Amount

$510,600

Loan Approval from the SBA

Of the total $510,600 loan amount, the SBA guaranteed $382,950.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Grease Monkey franchise. At the time of the loan, the company had 25 employees. This SBA loan request indicated that the loan would help retain 25 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans provide smart, affordable business financing for small businesses looking to expand.

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 D. L. Evans Bank 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:

Grease Monkey

Role of Business Plan When Raising Money

Best Burley, Idaho Banks for Small Business

Idaho SBA Banks