Texas Entrepreneur Secures Financing to Buy All Tune And Lube Franchise

Need a loan to buy an All Tune And Lube franchise? Bank Of The West has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy an All Tune And Lube franchise may simply require a phone call to a local SBA banker. In 2003, Bank Of The West issued an SBA franchise loan to an entrepreneur in El Paso, Texas. Because All Tune And Lube was registered with the SBA's registry of franchises, this Texas small business loan was issued on an expedited basis.

SBA Loan Borrower

ALL TUNE AND LUBE BRAKES & MOR
EL PASO, TX 79925

SBA Loan Lender

BANK OF THE WEST
500 N MESA ST
EL PASO, TX 79901

This SBA bank loan was provided by a small business banker with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loan guaranty requests to the SBA get more expeditious service from the SBA on their loan applications.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

811111 - General Automotive Repair

Loan Approval Date

7/22/2003

Loan Approval Gross Amount

$103,000

Loan Approval from the SBA

Of the total $103,000 loan amount, the SBA guaranteed $87,550.

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 4 employees. The SBA loan documents indicated that the borrowed money would help generate 4 new jobs.

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.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Bank Of The West so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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.

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