Borrow Money to Buy a Texaco Express Lube & Star Lube Franchise

Need money to buy a Texaco Express Lube & Star Lube franchise? Forcht Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near Louisville, Kentucky and are interested in buying a Texaco Express Lube & Star Lube franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2000 by Forcht Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

TEXACO EXPRESS LUBE
LOUISVILLE, KY 40214

SBA Loan Lender

FORCHT BANK
8492 DIXIE HWY
LOUISVILLE, KY 40258

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7549 - Automotive Services

Loan Approval Date

1/28/2000

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $112,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Texaco Express Lube & Star Lube franchise. At the time of the loan, the company had 8 employees. The SBA loan documents did not indicate that the business promised to use the funding to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you need money to start business in Louisville KY, you ought to talk with a local Louisville SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Louisville businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Forcht 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.

Related Links:

Determining Proper Capital Structure for a Business

Banks in Louisville, Kentucky

SBA Kentucky Lenders