Borrow Money to Buy a Car-X Muffler Shop Franchise

Need money to invest in a Car-X Muffler Shop franchise? Waukesha State Bank has a history of making these loans and they are guaranteed by the SBA.

Car-X Muffler Shop franchise loans are available to Lisbon, Wisconsin entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Waukesha State Bank, based in Waukesha, Wisconsin, issued an SBA franchise loan for a Car-X Muffler Shop franchise in 2006. We've got all the details on this Wisconsin small business loan.

SBA Loan Borrower

BUETOW AUTOMOTIVE GROUP, LLC
Lisbon, WI 53089

SBA Loan Lender

WAUKESHA STATE BANK
100 BANK ST
WAUKESHA, WI 53188

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

811111 - General Automotive Repair

Loan Approval Date

9/28/2006

Loan Approval Gross Amount

$664,000

Loan Approval from the SBA

Of the total $664,000 loan amount, the SBA guaranteed $498,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Car-X Muffler Shop franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 16 new jobs and retain 18 existing jobs.

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

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Waukesha State Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Waukesha State Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

CarX Muffler & Brake

Financing Your Business

Good Banks for Small Business in Waukesha, Wisconsin

SBA Participating Banks in Wisconsin