Owensboro, KY Entrepreneur Gets SBA Loan to Buy All Tune And Lube Franchise

Need money to purchase an All Tune And Lube franchise? Old National Bank has a history of making these loans and they are guaranteed by the SBA.

All Tune And Lube franchise loans are available to Owensboro, Kentucky entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Old National Bank, based in Evansville, Indiana, issued an SBA franchise loan for an All Tune And Lube franchise in 2002. We've got all the details on this Kentucky small business loan.

SBA Loan Borrower

ALL TUNE AND LUBE
OWENSBORO, KY 42301

SBA Loan Lender

OLD NATIONAL BANK
ONE MAIN ST
EVANSVILLE, IN 47708

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide debt financing to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7549 - Automotive Services

NAICS Code

811191 - Automotive Oil Change and Lubrication Shops

Loan Approval Date

12/9/2002

Loan Approval Gross Amount

$120,000

Loan Approval from the SBA

Of the total $120,000 loan amount, the SBA guaranteed $102,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an All Tune And Lube franchise. At the time of the loan, the company had 4 employees. The SBA loan documents did not indicate that the business planned to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

Every year, the SBA guarantees over $10 billion for loans just like this one.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

All Tune and Lube

Raising VC Money for Social Networking Companies

SBA 7A Banks for Evansville, Indiana Loans

Indiana SBA Banks