Borrow Money to Buy a Tires Plus Franchise

Need money to purchase a Tires Plus franchise? First Internatl Bank & Tr has a history of making these loans and they are guaranteed by the SBA.

If you live near Minot, North Dakota and are interested in buying a Tires Plus franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2000 by First Internatl Bank & Tr. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

TIRES PLUS
MINOT, ND 58701

SBA Loan Lender

FIRST INTERNATL BANK & TR
1705 2ND AVE SW
MINOT, ND 58701

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide 7A business loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5531 - Auto and Home Supply Stores

Loan Approval Date

2/18/2000

Loan Approval Gross Amount

$110,000

Loan Approval from the SBA

Of the total $110,000 loan amount, the SBA guaranteed $82,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Tires Plus franchise. At the time of the loan, the company had 12 employees. This SBA loan request did not indicate that the company planned to use the money to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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:

Tires Plus Franchising Corporation

Getting a Small Business Loan

Best Minot, North Dakota Banks for Small Business

North Dakota SBA Bank Lenders