Community Bank - Red River Valle Provides SBA Loan to Buy Valvoline Instant Oil Change Franchise

Need money to purchase a Valvoline Instant Oil Change franchise? Community Bank - Red River Valle has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Valvoline Instant Oil Change franchise? If so, here's a 2004 SBA franchise loan that you should know about. Community Bank - Red River Valle was the lender and the entrepreneur was based in Oslo, Minnesota.

SBA Loan Borrower

VALVOLINE INSTANT OIL CHANGE
OSLO, MN 56744

SBA Loan Lender

COMMUNITY BANK - RED RIVER VALLE
1413 CENTRAL AVE NW
EAST GRAND FORKS, MN 56721

This bank loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

811111 - General Automotive Repair

Loan Approval Date

4/27/2004

Loan Approval Gross Amount

$200,000

Loan Approval from the SBA

Of the total $200,000 loan amount, the SBA guaranteed $100,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Valvoline Instant Oil Change franchise. At the time of the loan, the company had 12 employees. The SBA loan documents indicated that the loan would help generate 12 new jobs.

Start the Process for Getting an SBA Loan Today!

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'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:

Valvoline Instant Oil Change

Debt Financing

Small Bank Loans in East Grand Forks, Minnesota

Where to Get an SBA Loan Minnesota