Loan to Buy Car-X Muffler Shop Franchise Issued By Cit Small Business Lending Corp

Need a loan to buy a Car-X Muffler Shop franchise? Cit Small Business Lending Corp has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Car-X Muffler Shop franchise? If so, here's a 2000 SBA franchise loan that you should know about. Cit Small Business Lending Corp was the lender and the entrepreneur was based in Olathe, Kansas.

SBA Loan Borrower

CAR X MUFFLER AND BRAKE
OLATHE, KS 66061

SBA Loan Lender

CIT SMALL BUSINESS LENDING CORP
1 CIT DRIVE
LIVINGSTON, NJ 07039

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.

SIC Code

7533 - Automotive Exhaust System Repair Shops

NAICS Code

811112 - Automotive Exhaust System Repair

Loan Approval Date

8/7/2000

Loan Approval Gross Amount

$584,000

Loan Approval from the SBA

Of the total $584,000 loan amount, the SBA guaranteed $438,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Car-X Muffler Shop franchise. At the time of the loan, the company had 12 employees. The loan application indicated that the loan would help create 12 new jobs.

Start the Process for Getting an SBA Loan Today!

If you are wondering how to raise money for a business in Olathe KS, you ought to talk with a local Olathe SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Olathe businesses.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $584,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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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