Syringa Bank Provides SBA Loan to Buy Big O Tires dealers Franchise

Need money to invest in a Big O Tires dealers franchise? Syringa Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Big O Tires dealers franchise shouldn't be too tough. In 2008, Syringa Bank issued an SBA franchise loan to an entrepreneur in Boise (corporate Name Boise Ci, Idaho. Because Big O Tires dealers was registered with the SBA's registry of franchises, this Idaho small business loan was issued on an expedited basis.

SBA Loan Borrower

BIG-O TIRE
BOISE (CORPORATE NAME BOISE CI, ID 83709

SBA Loan Lender

SYRINGA BANK
1299 N ORCHARD ST
BOISE, ID 83706

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

441320 - Tire Dealers

Loan Approval Date

1/16/2008

Loan Approval Gross Amount

$170,000

Loan Approval from the SBA

Of the total $170,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Big O Tires dealers franchise. At the time of the loan, the company had 6 employees. The loan application indicated that the loan would help retain 6 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

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 $170,000 loan. Remember, if it to be, it is up to me!

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:

Big O Tires, Inc.

Angel Investors

Small Bank Loans in Boise, Idaho

Getting an SBA Loan in Idaho