Loan to Buy Goodyear Tire Franchise Issued By Putnam State Bank

Borrowing money to purchase a Goodyear Tire franchise? Putnam State Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Palatka, Florida needed money to invest in a Goodyear Tire franchise back in 2001. Putnam State Bank issued an SBA franchise loan. Here are the details on this Florida small business loan.

SBA Loan Borrower

BAGGS TIRE & AUTO SERVICES
PALATKA, FL 32177

SBA Loan Lender

PUTNAM STATE BANK
350 N STATE RD 19
PALATKA, FL 32177

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

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7539 - Automotive Repair Shops

NAICS Code

811118 - Automotive Mechanical and Electrical Repair and Maintenance

Loan Approval Date

1/4/2001

Loan Approval Gross Amount

$78,000

Loan Approval from the SBA

Of the total $78,000 loan amount, the SBA guaranteed $62,400.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Goodyear Tire franchise. At the time of the loan, the company had 12 employees. The loan application did not indicate that the company planned to use the funding to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Putnam State 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:

Family and Friend Investors - Your First Financiers

Best Banks for Small Business in Palatka, Florida

Getting an SBA Loan in Florida