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November 14, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Roseville, Business Loans > Wachovia Sba Lending, Inc. Roseville Business Loans > Coast To Coast Lube Inc Loan | ||||
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Arroyo Grande, California Bank for SBA Loans
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Arroyo Grande, CA Entrepreneur Gets SBA Loan to Buy Jiffy Lube FranchiseNeed a loan to buy 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 Arroyo Grande, 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 2006. We've got all the details on this California small business loan. SBA Loan Borrower COAST TO COAST LUBE INC SBA Loan Lender WACHOVIA SBA LENDING, INC. Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. 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 7/3/2006 Loan Approval Gross Amount $1,960,000 Loan Approval from the SBA Of the total $1,960,000 loan amount, the SBA guaranteed $1,470,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Jiffy Lube franchise. At the time of the loan, the company had only one employee. The SBA loan documents indicated that the loan would help generate 100 new jobs and retain 1 existing job. Start the Process for Getting an SBA Loan Today! SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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. Obtaining Funding - How to Borrow Money SBA 7A Lenders in Roseville, California
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