Loan to Buy Tires Plus Franchise Issued By Temecula Valley Bank

Borrowing money to invest in a Tires Plus franchise? Temecula Valley Bank has a history of making these loans and they are guaranteed by the SBA.

Tires Plus franchise loans are available to Lake Worth, Florida entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Temecula Valley Bank, based in Temecula, California, issued an SBA franchise loan for a Tires Plus franchise in 2003. We've got all the details on this Florida small business loan.

SBA Loan Borrower

TIRES PLUS TOTAL CAR CARE
LAKE WORTH, FL 33467

SBA Loan Lender

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

This lender provides SBA small business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

441320 - Tire Dealers

Loan Approval Date

8/27/2003

Loan Approval Gross Amount

$662,000

Loan Approval from the SBA

Of the total $662,000 loan amount, the SBA guaranteed $496,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Tires Plus franchise. At the time of the loan, the company had 2 employees. This SBA loan request indicated that the loan would help generate 6 new jobs and retain 6 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer 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.

Related Links:

Tires Plus Franchising Corporation

Determining Proper Capital Structure for a Business

Who Lends Money to Small Businesses in Temecula, California

California SBA Banks