Mesquite, TX Entrepreneur Gets SBA Loan to Buy Speedee Oil Change & Tune-Up Franchise

Borrowing money to purchase a Speedee Oil Change & Tune-Up franchise? Comerica Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Speedee Oil Change & Tune-Up franchise may simply require a phone call to a local SBA banker. In 2001, Comerica Bank issued an SBA franchise loan to an entrepreneur in Mesquite, Texas. Because Speedee Oil Change & Tune-Up was registered with the SBA's registry of franchises, this Texas small business loan was issued on an expedited basis.

SBA Loan Borrower

SPEEDEE OIL CHANGE & TUNE UP
MESQUITE, TX 75150

SBA Loan Lender

COMERICA BANK
1900 W LOOP SOUTH
HOUSTON, TX 77027

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

811191 - Automotive Oil Change and Lubrication Shops

Loan Approval Date

7/9/2001

Loan Approval Gross Amount

$170,600

Loan Approval from the SBA

Of the total $170,600 loan amount, the SBA guaranteed $127,950.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Speedee Oil Change & Tune-Up franchise. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the loan would help generate 7 new jobs and retain 2 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you want money for new small business in Mesquite TX, you ought to talk with a local Mesquite SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Mesquite businesses.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Comerica Bank and they will explain how you can get an SBA loan for your company.

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:

Realistic Debt Financing Options

Small Bank Loans in Houston, Texas

SBA Participating Banks in Texas