Comerica Bank Provides SBA Loan to Buy All Tune And Lube Franchise

Need money to buy an All Tune And Lube franchise? Comerica Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy an All Tune And Lube franchise may simply require a phone call to a local SBA banker. In 2000, Comerica Bank issued an SBA franchise loan to an entrepreneur in Longview, Washington. Because All Tune And Lube was registered with the SBA's registry of franchises, this Washington small business loan was issued on an expedited basis.

SBA Loan Borrower

LONGVIEW/KELSO ALL TUNE AND LU
LONGVIEW, WA 98632

SBA Loan Lender

COMERICA BANK
1717 MAIN
DALLAS, TX 75201

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7538 - General Automotive Repair Shops

NAICS Code

811111 - General Automotive Repair

Loan Approval Date

10/5/2000

Loan Approval Gross Amount

$114,800

Loan Approval from the SBA

Of the total $114,800 loan amount, the SBA guaranteed $86,100.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy an All Tune And Lube franchise. At the time of the loan, the company had only one employee. The SBA loan documents indicated that the loan would help generate 7 new jobs and retain 1 existing job.

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

If you are interested in getting money to start a business or already have a business and need money to expand, an SBA loan can be a great source of funding.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $114,800 loan. Remember, things become real when you believe you can achieve them!

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:

All Tune and Lube

Getting a Small Business Loan

SBA 7A Banks for Dallas, Texas Loans

Texas SBA 7A Lenders