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April 19, 2024 |
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| Home > Small Business Lenders by State > Washington Business Loan Sources > Dallas, Business Loans > Comerica Bank Dallas Business Loans > Grease Monkey Loan | ||||
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Comerica Bank SBA 7A Franchise Loans
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Borrow Money to Buy a Grease Monkey FranchiseNeed a loan to purchase a Grease Monkey franchise? Comerica Bank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Grease Monkey franchise shouldn't be too tough. In 2003, Comerica Bank issued an SBA franchise loan to an entrepreneur in Renton, Washington. Because Grease Monkey was registered with the SBA's registry of franchises, this Washington small business loan was issued on an expedited basis. SBA Loan Borrower GREASE MONKEY SBA Loan Lender COMERICA BANK This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 811191 - Automotive Oil Change and Lubrication Shops Loan Approval Date 12/18/2003 Loan Approval Gross Amount $512,500 Loan Approval from the SBA Of the total $512,500 loan amount, the SBA guaranteed $384,375. 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 10 employees. This SBA loan request indicated that the funding would help create 10 new jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $512,500 loan. Remember, if it to be, it is up to me! 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: A Company That Helps Entrepreneurs
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