Las Vegas, NV Entrepreneur Gets SBA Loan to Buy Econo Lub N Tune Franchise

Borrowing money to buy an Econo Lub N Tune franchise? Inland Commun Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy an Econo Lub N Tune franchise requires some effort but others before you have been successful. In 2005, Inland Commun Bank issued an SBA franchise loan to an entrepreneur in Las Vegas, Nevada. Because Econo Lub N Tune was registered with the SBA's registry of franchises, this Nevada small business loan was issued on an expedited basis.

SBA Loan Borrower

ECONO LUBE N' TUBE
LAS VEGAS, NV 89103

SBA Loan Lender

INLAND COMMUN BANK
255 S RIVERSIDE AVE
RIALTO, CA 92376

This business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

811111 - General Automotive Repair

Loan Approval Date

10/26/2005

Loan Approval Gross Amount

$373,200

Loan Approval from the SBA

Of the total $373,200 loan amount, the SBA guaranteed $279,900.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an Econo Lub N Tune franchise. At the time of the loan, the company had 5 employees. This SBA loan request did not indicate that the company planned to use the funding to increase staffing levels or retain any existing employees.

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.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Inland Commun Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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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