Colorado Entrepreneur Secures Financing to Buy Jiffy Lube Franchise

Borrowing money to buy a Jiffy Lube franchise? U.S. Bank National Association has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Jiffy Lube franchise? If so, here's a 2005 SBA franchise loan that you should know about. U.S. Bank National Association was the lender and the entrepreneur was based in Littleton, Colorado.

SBA Loan Borrower

WHITE MARKETING INC
LITTLETON, CO 80126

SBA Loan Lender

U.S. BANK NATIONAL ASSOCIATION
425 WALNUT ST
CINCINNATI, OH 45202

This lender provides SBA 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

811191 - Automotive Oil Change and Lubrication Shops

Loan Approval Date

3/4/2005

Loan Approval Gross Amount

$603,500

Loan Approval from the SBA

Of the total $603,500 loan amount, the SBA guaranteed $452,625.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Jiffy Lube franchise. At the time of the loan, the company had 7 employees. The loan application indicated that the loan would help retain 7 existing jobs.

Next Steps for Getting an SBA Loan

Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from U.S. Bank National Association 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.

Related Links:

Jiffy Lube International, Inc.

How Equity Dilution Works

SBA Approved Banks in Cincinnati, Ohio

Ohio SBA 7A Banks