SBA Loans for Automotive Oil Change and Lubrication Shops
Looking for SBA loans for automotive oil change and lubrication shops? The SBA may be the answer. This $87,000 automotive oil change and lubrication shops loan was issued by a California bank.
Getting a small business loan in Thief River Falls, Minnesota was important for this small business back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Wells Fargo Bank, operating out of San Jose, California. Here are the details on this Minnesota small business loan.
SBA Loan Borrower
COMPANY TYPE: AUTOMOTIVE OIL CHANGE AND LUBRICATION SHOPS
THIEF RIVER FALLS, MN 56701
SBA Loan Lender
WELLS FARGO BANK
121 PARK CENTER PLZ
SAN JOSE, CA 95113
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
811191 - Automotive Oil Change and Lubrication Shops
Loan Approval Date
8/8/2005
Loan Approval Gross Amount
$87,000
Loan Approval from the SBA
Of the total $87,000 loan amount, the SBA guaranteed $73,950.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company
had 3 employees. The loan application indicated that the loan would help retain 3 existing jobs.
Start the Process for Getting an SBA Loan Today!
If you need business start up money in Thief River Falls MN, you ought to talk with a local Thief River Falls SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Thief River Falls businesses.
Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Wells Fargo Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).
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:
Microlending as a Small Business Funding Source
SBA Participating Banks in San Jose, California
Where to Get an SBA Loan California