Automotive Oil Change and Lubrication Shops Commercial Loans

Looking for commercial loans for automotive oil change and lubrication shops? An SBA loan may be just what you've been looking for. This $247,100 automotive oil change and lubrication shops loan was issued by a Mississippi bank.

This business received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Hancock Bank, out of Gulfport, Mississippi. The loan was granted and they received $247,100 to help grow their Deamondhead, Mississippi business.

SBA Loan Borrower

COMPANY TYPE: AUTOMOTIVE OIL CHANGE AND LUBRICATION SHOPS
DEAMONDHEAD, MS 39525

SBA Loan Lender

HANCOCK BANK
2510 14TH ST
GULFPORT, MS 39501

This SBA loan was issued under the SBA's Certified Lenders Program (CLP), which means that the lender has a successful SBA lending track record and a thorough understanding of SBA loan requirements.

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

12/5/2000

Loan Approval Gross Amount

$247,100

Loan Approval from the SBA

Of the total $247,100 loan amount, the SBA guaranteed $185,325.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 8 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

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

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Hancock Bank and they will explain how you can get an SBA loan for your company.

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:

How Equity Dilution Works

Best Banks for Small Business in Gulfport, Mississippi

Mississippi SBA 7A Lenders