How to Get a Loan for Automotive Oil Change and Lubrication Shops

Looking for commercial loans for automotive oil change and lubrication shops? Try the SBA. This $346,100 automotive oil change and lubrication shops loan was issued by a Minnesota bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Oak Creek, Wisconsin was able to borrow $346,100 from Wells Fargo Bank. The SBA made the loan possible by guaranteeing $259,575 of this Wisconsin small business loan.

SBA Loan Borrower

COMPANY TYPE: AUTOMOTIVE OIL CHANGE AND LUBRICATION SHOPS
OAK CREEK, WI 53154

SBA Loan Lender

WELLS FARGO BANK
1455 W LAKE ST
MINNEAPOLIS, MN 55408

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide loans to to our country's hard-working small business owners.

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

4/17/2007

Loan Approval Gross Amount

$346,100

Loan Approval from the SBA

Of the total $346,100 loan amount, the SBA guaranteed $259,575.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The loan application indicated that the loan would help retain 1 existing job.

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

If you are working on finding money to start a business in Oak Creek WI, you ought to talk with a local Oak Creek SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Oak Creek businesses.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Wells Fargo Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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.

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SBA Participating Banks in Minneapolis, Minnesota

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