Borrow Money to Buy an Autoqual Usa Franchise

Borrowing money to purchase an Autoqual Usa franchise? Community W. Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy an Autoqual Usa franchise may simply require a phone call to a local SBA banker. In 2006, Community W. Bank issued an SBA franchise loan to an entrepreneur in Weaverville, North Carolina. Because Autoqual Usa was registered with the SBA's registry of franchises, this North Carolina small business loan was issued on an expedited basis.

SBA Loan Borrower

AUTOQUAL USA
WEAVERVILLE, NC 28787

SBA Loan Lender

COMMUNITY W. BANK
5827 HOLLISTER AVE
GOLETA, CA 93117

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

561499 - Business Support Services

Loan Approval Date

1/19/2006

Loan Approval Gross Amount

$79,200

Loan Approval from the SBA

Of the total $79,200 loan amount, the SBA guaranteed $67,320.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an Autoqual Usa franchise. At the time of the loan, the company had 2 employees. This SBA loan request indicated that the loan would help generate 1 new job and retain 3 existing jobs.

Next Steps for Getting an SBA Loan

Many small businesses receive loans backed by the U.S. Small Business Administration.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

AutoQual USA

Advice on Getting a Small Business Loan

Where to Get an SBA Loan in Goleta, California

California SBA Banks