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May 12, 2024 |
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| Home > Small Business Lenders by State > Oklahoma Business Loan Sources > Richmond, Business Loans > Business Loan Center, LLC Richmond Business Loans > Automotive Oil Change And Lubrication Shops Loan | ||||
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Requirements for Entrepreneurs On Getting a Loan
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Getting an SBA Loan for Automotive Oil Change and Lubrication ShopsLooking for SBA loans for automotive oil change and lubrication shops? Talk to a banker who works with the SBA. This $1,476,000 automotive oil change and lubrication shops loan was issued by a Virginia bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Yukon, Oklahoma was able to borrow $1,476,000 from Business Loan Center, LLC. The SBA made the loan possible by guaranteeing $999,990 of this Oklahoma small business loan. SBA Loan Borrower COMPANY TYPE: AUTOMOTIVE OIL CHANGE AND LUBRICATION SHOPS SBA Loan Lender BUSINESS LOAN CENTER, LLC This lender provides SBA loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. 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 11/22/2002 Loan Approval Gross Amount $1,476,000 Loan Approval from the SBA Of the total $1,476,000 loan amount, the SBA guaranteed $999,990. More Information on This SBA Loan The borrower borrowed this money for a new 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 only one employee. This SBA loan request indicated that the loan would help generate 6 new jobs and retain 1 existing job. Start the Process for Getting an SBA Loan Today! Don't forget. To get an SBA loan, you must 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. 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 $1,476,000 loan. Remember, you control your own destiny. 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: Best Banks in Richmond, Virginia
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