Borrow Money to Buy a Kwik Kar Oil & Lube Franchise

Need money to purchase a Kwik Kar Oil & Lube franchise? Compass Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Kwik Kar Oil & Lube franchise requires some effort but others before you have been successful. In 2001, Compass Bank issued an SBA franchise loan to an entrepreneur in Houston, Texas. Because Kwik Kar Oil & Lube was registered with the SBA's registry of franchises, this Texas small business loan was issued on an expedited basis.

SBA Loan Borrower

KWIK KAR LUBE , TUNE & WASH
HOUSTON, TX 77511

SBA Loan Lender

COMPASS BANK
17218 PRESTON RD
DALLAS, TX 75252

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

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7539 - Automotive Repair Shops

NAICS Code

811191 - Automotive Oil Change and Lubrication Shops

Loan Approval Date

9/24/2001

Loan Approval Gross Amount

$1,783,700

Loan Approval from the SBA

Of the total $1,783,700 loan amount, the SBA guaranteed $999,996.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Kwik Kar Oil & Lube franchise. At the time of the loan, the company had 15 employees. The SBA loan documents did not indicate that the small business planned to use the money to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

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 $1,783,700 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.

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