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April 19, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Dallas, Business Loans > Comerica Bank Dallas Business Loans > Ben's Auto Repair, Inc. Dba Precision Aut Loan | ||||
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Good Sources for Westland SBA Loans
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Michigan Entrepreneur Secures Financing to Buy Precision Tune FranchiseNeed money to invest in a Precision Tune franchise? Comerica Bank has a history of making these loans and they are guaranteed by the SBA. Precision Tune franchise loans are available to Westland, Michigan entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Comerica Bank, based in Dallas, Texas, issued an SBA franchise loan for a Precision Tune franchise in 2006. We've got all the details on this Michigan small business loan. SBA Loan Borrower BEN'S AUTO REPAIR, INC. DBA PRECISION AUT SBA Loan Lender COMERICA BANK 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 811111 - General Automotive Repair Loan Approval Date 6/27/2006 Loan Approval Gross Amount $179,000 Loan Approval from the SBA Of the total $179,000 loan amount, the SBA guaranteed $134,250. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Precision Tune franchise. At the time of the loan, the company had only one employee. The SBA loan documents indicated that the loan would help generate 4 new jobs and retain 5 existing jobs. Getting an SBA Loan For Your Business Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $179,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Find an SBA Lender in Dallas, Texas
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