U.S. Bank National Association Provides SBA Loan to Buy Tunex Franchise

Borrowing money to buy a Tunex franchise? U.S. Bank National Association has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in American Fork, Utah needed money to invest in a Tunex franchise back in 2007. U.S. Bank National Association issued an SBA franchise loan. Here are the details on this Utah small business loan.

SBA Loan Borrower

CK AUTOMOTIVE SERVICES, LLC
AMERICAN FORK, UT 84003

SBA Loan Lender

U.S. BANK NATIONAL ASSOCIATION
425 WALNUT ST
CINCINNATI, OH 45202

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This business loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

811111 - General Automotive Repair

Loan Approval Date

12/5/2007

Loan Approval Gross Amount

$233,700

Loan Approval from the SBA

Of the total $233,700 loan amount, the SBA guaranteed $175,275.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Tunex franchise. At the time of the loan, the company had 5 employees. The SBA loan application for the borrower indicated that the loan would help generate 1 new job and retain 4 existing jobs.

Next Steps for Getting an SBA Loan

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like U.S. Bank National Association that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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.

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