Papillion, NE Entrepreneur Gets SBA Loan to Buy Tuffy Muffler Center Franchise

Need money to buy a Tuffy Muffler Center franchise? Pinnacle Bank has a history of making these loans and they are guaranteed by the SBA.

Tuffy Muffler Center franchise loans are available to Papillion, Nebraska entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Pinnacle Bank, based in Lincoln, Nebraska, issued an SBA franchise loan for a Tuffy Muffler Center franchise in 2004. We've got all the details on this Nebraska small business loan.

SBA Loan Borrower

TUFFY AUTO SERVICE CENTER
PAPILLION, NE 68046

SBA Loan Lender

PINNACLE BANK
1401 'N' ST
LINCOLN, NE 68508

This lender issued this particular small business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

811111 - General Automotive Repair

Loan Approval Date

4/28/2004

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Tuffy Muffler Center franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans provide money to small business owners for working capital for other expenses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Pinnacle Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Pinnacle Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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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