Borrow Money to Buy a Texaco Express Lube & Star Lube Franchise

Need a loan to invest in a Texaco Express Lube & Star Lube franchise? Unity Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Texaco Express Lube & Star Lube franchise shouldn't be overly burdensome. In 2005, Unity Bank issued an SBA franchise loan to an entrepreneur in Paulsboro, New Jersey. Because Texaco Express Lube & Star Lube was registered with the SBA's registry of franchises, this New Jersey small business loan was issued on an expedited basis.

SBA Loan Borrower

TEXACO,INC.DBA TEXACO(OC)TEXPA
PAULSBORO, NJ 08066

SBA Loan Lender

UNITY BANK
64 OLD HWY 22
CLINTON, NJ 08809

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.

NAICS Code

447110 - Gasoline Stations with Convenience Stores

Loan Approval Date

7/28/2005

Loan Approval Gross Amount

$823,500

Loan Approval from the SBA

Of the total $823,500 loan amount, the SBA guaranteed $617,625.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Texaco Express Lube & Star Lube franchise. At the time of the loan, the company had 2 employees. The loan application indicated that the loan would help generate 1 new job and retain 2 existing jobs.

Getting an SBA Loan For Your Business

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

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 Unity 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.

Related Links:

Accountant's Role in Securing Financing

Small Bank Loans in Clinton, New Jersey

Getting an SBA Loan in New Jersey