First Savings Bank Provides SBA Loan to Buy All Tune And Lube Franchise

Need money to buy an All Tune And Lube franchise? First Savings Bank has a history of making these loans and they are guaranteed by the SBA.

All Tune And Lube franchise loans are available to El Paso, Texas entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, First Savings Bank, based in Beresford, South Dakota, issued an SBA franchise loan for an All Tune And Lube franchise in 2005. We've got all the details on this Texas small business loan.

SBA Loan Borrower

ALL IN ONE AUTO CARE CTR
EL PASO, TX 79912

SBA Loan Lender

FIRST SAVINGS BANK
201 N 3RD ST
BERESFORD, SD 57004

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This 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

811111 - General Automotive Repair

Loan Approval Date

3/23/2005

Loan Approval Gross Amount

$95,405

Loan Approval from the SBA

Of the total $95,405 loan amount, the SBA guaranteed $81,094.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an All Tune And Lube franchise. At the time of the loan, the company had 5 employees. The SBA loan documents did not indicate that the business planned to use the money to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like First Savings Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

All Tune and Lube

Role of Business Plan When Raising Money

Small Business Banks in Beresford, South Dakota

Find an SBA Lender in South Dakota