California Entrepreneur Secures Financing to Buy Big O Tires dealers Franchise
Need a loan to buy a Big O Tires dealers franchise? Comerica Bank has a history of making these loans and they are guaranteed by the SBA.
If you live near North Highlands, California and are interested in buying a Big O Tires dealers franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2004 by Comerica Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.
SBA Loan Borrower
BIG O TIRES #42
NORTH HIGHLANDS, CA 95660
SBA Loan Lender
COMERICA BANK
1717 MAIN
DALLAS, TX 75201
This lender provides SBA small business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
441320 - Tire Dealers
Loan Approval Date
9/17/2004
Loan Approval Gross Amount
$197,000
Loan Approval from the SBA
Of the total $197,000 loan amount, the SBA guaranteed $147,750.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was used to buy a Big O Tires dealers franchise. At the time of the loan, the company
had 9 employees. The SBA loan application for the borrower indicated that the loan would help generate 1 new job and retain 10 existing jobs.
Next Steps for Getting an SBA Loan
If you need money to start a business or need money for an existing business, an SBA loan can be a great way to raise money
We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.
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:
Big O Tires, Inc.
The Friends and Family Network
Best Banks for Small Business in Dallas, Texas
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