Financing for Automotive Oil Change and Lubrication Shops
Looking for loans for automotive oil change and lubrication shops? Try the SBA. This $136,000 automotive oil change and lubrication shops loan was issued by a California bank.
This company received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Mojave Desert Bank, out of Mojave, California. The loan was granted and they received $136,000 to help grow their California City, California business.
SBA Loan Borrower
COMPANY TYPE: AUTOMOTIVE OIL CHANGE AND LUBRICATION SHOPS
CALIFORNIA CITY, CA 93505
SBA Loan Lender
MOJAVE DESERT BANK
15773 'K' ST
MOJAVE, CA 93501
SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA small 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
811191 - Automotive Oil Change and Lubrication Shops
Loan Approval Date
8/16/2002
Loan Approval Gross Amount
$136,000
Loan Approval from the SBA
Of the total $136,000 loan amount, the SBA guaranteed $115,600.
More Information on This SBA Loan
The borrower borrowed this money for an existing 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 4 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the loan proceeds to increase staffing levels or retain any existing employees.
Next Steps for Getting an SBA Loan
SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.
This SBA loan was for $136,000. How would you spend $136,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.
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:
Business Line of Credit
SBA 7A Lenders in Mojave, California
Where to Get an SBA Loan California