Borrow Money to Buy a Kwik Kar Oil & Lube Franchise

Borrowing money to invest in a Kwik Kar Oil & Lube franchise? Temecula Valley Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Houston, Texas needed money to invest in a Kwik Kar Oil & Lube franchise back in 2003. Temecula Valley Bank issued an SBA franchise loan. Here are the details on this Texas small business loan.

SBA Loan Borrower

SLATER'S KWIK KAR
HOUSTON, TX 77008

SBA Loan Lender

TEMECULA VALLEY BANK
27710 JEFFERSON AVE, A-100
TEMECULA, CA 92590

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

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7549 - Automotive Services

NAICS Code

811191 - Automotive Oil Change and Lubrication Shops

Loan Approval Date

12/16/2003

Loan Approval Gross Amount

$375,300

Loan Approval from the SBA

Of the total $375,300 loan amount, the SBA guaranteed $249,368.

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 8 employees. The SBA loan documents did not indicate that the company promised to use the money to increase staffing levels or retain any existing employees.

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.

If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Temecula Valley Bank 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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