Loan Census Banking News and Information
April 27, 2024  
 
 
  Business Loan Information  
 

I Need an SBA Loan to Buy a Franchise in Nashville, Tennessee

 

 
Loan Census SBA Loan Info

Tennessee Entrepreneur Secures Financing to Buy Pirtek Usa Franchise

Borrowing money to purchase a Pirtek Usa franchise? Temecula Valley Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Pirtek Usa franchise? If so, here's a 2002 SBA franchise loan that you should know about. Temecula Valley Bank was the lender and the entrepreneur was based in Nashville, Tennessee.

SBA Loan Borrower

PIRTEK ELM HILL PIKE
NASHVILLE, TN 37210

SBA Loan Lender

TEMECULA VALLEY BANK
27710 JEFFERSON AVE, A-100
TEMECULA, CA 92590

This business loan was provided by financing institution with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loan guaranty requests to the SBA get more expeditious service from the SBA on their loan applications.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7549 - Automotive Services

NAICS Code

811198 - Automotive Repair and Maintenance

Loan Approval Date

2/12/2002

Loan Approval Gross Amount

$350,000

Loan Approval from the SBA

Of the total $350,000 loan amount, the SBA guaranteed $262,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Pirtek Usa franchise. At the time of the loan, the company had 6 employees. This SBA loan request did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees.

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

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Temecula Valley Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Pirtek

The Art of Bootstrapping

Who Lends Money to Small Businesses in Temecula, California

California SBA 7A Lenders