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December 4, 2024 |
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| Home > Small Business Lenders by State > Washington Business Loan Sources > Golden, Business Loans > Cit Small Business Lending Corp Golden Business Loans > Oil Can Henry's Loan | ||||
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Where to Get a Small Business Loan to Purchase a Franchise
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Cit Small Business Lending Corp Provides SBA Loan to Buy Oil Can Henry FranchiseNeed a loan to invest in an Oil Can Henry franchise? Cit Small Business Lending Corp has a history of making these loans and they are guaranteed by the SBA. If you live near Moses Lake, Washington and are interested in buying an Oil Can Henry franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2003 by Cit Small Business Lending Corp. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase. SBA Loan Borrower OIL CAN HENRY'S SBA Loan Lender CIT SMALL BUSINESS LENDING CORP At the time this loan was granted, this bank participated in the SBA's Certified Lenders Program (CLP). This program is designed to provide speedy service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision. 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 12/29/2003 Loan Approval Gross Amount $475,000 Loan Approval from the SBA Of the total $475,000 loan amount, the SBA guaranteed $356,250. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy an Oil Can Henry franchise. At the time of the loan, the company had 17 employees. The loan application did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. We can help you find the best banks for small businesses in Moses Lake or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: How Much Venture Capital Is There? SBA Approved Banks in Golden, Colorado
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