Getting an SBA Loan for Automotive Oil Change and Lubrication Shops

Looking for commercial loans for automotive oil change and lubrication shops? The SBA may be the answer. This $111,900 automotive oil change and lubrication shops loan was issued by a Pennsylvania bank.

This business knew how to go about getting a business bank loan. Based in Grove City, Pennsylvania, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was National City Bank, based in Erie, Pennsylvania.

SBA Loan Borrower

COMPANY TYPE: AUTOMOTIVE OIL CHANGE AND LUBRICATION SHOPS
GROVE CITY, PA 16127

SBA Loan Lender

NATIONAL CITY BANK
801 STATE ST
ERIE, PA 16501

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

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

7/12/2002

Loan Approval Gross Amount

$111,900

Loan Approval from the SBA

Of the total $111,900 loan amount, the SBA guaranteed $83,925.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 4 employees. The SBA loan application for the borrower indicated that the loan would help retain 4 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like National City Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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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Small Business Banks in Erie, Pennsylvania

SBA Lenders in Pennsylvania