Whittier, CA Entrepreneur Gets SBA Loan to Buy Jiffy Lube Franchise

Need a loan to invest in a Jiffy Lube franchise? Wachovia Sba Lending, Inc. has a history of making these loans and they are guaranteed by the SBA.

Jiffy Lube franchise loans are available to Whittier, California entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Wachovia Sba Lending, Inc., based in Roseville, California, issued an SBA franchise loan for a Jiffy Lube franchise in 2005. We've got all the details on this California small business loan.

SBA Loan Borrower

JIFFY LUBE #538
WHITTIER, CA 90604

SBA Loan Lender

WACHOVIA SBA LENDING, INC.
1620 E. ROSEVILLE PKWY, STE 1
ROSEVILLE, CA 95661

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

9/23/2005

Loan Approval Gross Amount

$1,735,700

Loan Approval from the SBA

Of the total $1,735,700 loan amount, the SBA guaranteed $1,301,775.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Jiffy Lube franchise. At the time of the loan, the company had 20 employees. This SBA loan request indicated that the loan would help retain 20 existing jobs.

Getting an SBA Loan For Your Business

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Jiffy Lube International, Inc.

Role of Business Plan When Raising Money

Who Lends Money to Small Businesses in Roseville, California

California SBA Bank Lenders