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| Entrepreneur Resources | Business Loan Center, LLC New York Business Loans | ||||
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Requirements for Small Business Owners On Getting a Loan
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Borrowing Money for Automotive Oil Change and Lubrication ShopsLooking for loans for automotive oil change and lubrication shops? Talk to a banker who works with the SBA. This $1,189,600 automotive oil change and lubrication shops loan was issued by a New York bank.
Kwik Kar Lube & Tune On W Parm received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Business Loan Center, LLC, out of New York, New York. The loan was granted and they received $1,189,600 to help grow their Austin, Texas business. SBA Loan Borrower KWIK KAR LUBE & TUNE ON W PARM SBA Loan Lender BUSINESS LOAN CENTER, LLC 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 8/30/2002 Loan Approval Gross Amount $1,189,600 Loan Approval from the SBA Of the total $1,189,600 loan amount, the SBA guaranteed $892,200. More Information on This SBA Loan The borrower, Kwik Kar Lube & Tune On W Parm, borrowed this money for an existing business. The SBA's record indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 6 employees. This SBA loan request indicated that the loan would help retain 6 existing jobs. This loan was paid in full, and was closed out on 1/31/2006. Great, But How Can I Get an SBA Loan for My Business? The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. Your solution for where to find money to start a business may be an SBA guaranteed loan. Kwik Kar Lube & Tune On W Parm 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 SBA loan database. Related Links: How Much Venture Capital Is There? SBA Approved Banks in New York, New York If you are an ambitious entrepreneur or an aspiring executive looking to get involved with a startup, please take the time to learn more about Gaebler Ventures.
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