Borrow Money to Buy an Econo Lub N Tune Franchise

Need a loan to buy an Econo Lub N Tune franchise? Prime Pacific Bank, Na has a history of making these loans and they are guaranteed by the SBA.

Econo Lub N Tune franchise loans are available to Eastgate, Washington entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Prime Pacific Bank, Na, based in Lynnwood, Washington, issued an SBA franchise loan for an Econo Lub N Tune franchise in 2006. We've got all the details on this Washington small business loan.

SBA Loan Borrower

ECONO LUBE & TUNE & BRAKES
EASTGATE, WA 98022

SBA Loan Lender

PRIME PACIFIC BANK, NA
4710 196TH ST SW
LYNNWOOD, WA 98036

The lender provided this bank loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

811111 - General Automotive Repair

Loan Approval Date

9/6/2006

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $50,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy an Econo Lub N Tune 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 retain 5 existing jobs.

Next Steps for Getting an SBA Loan

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $100,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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:

Econo Lube N Tune

Realistic Debt Financing Options

Banks in Lynnwood, Washington

Getting a Business Loan in Washington