Michigan Entrepreneur Secures Financing to Buy Precision Tune Franchise

Borrowing money to buy a Precision Tune franchise? Comerica Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Precision Tune franchise requires some effort but others before you have been successful. In 2004, Comerica Bank issued an SBA franchise loan to an entrepreneur in Plymouth, Michigan. Because Precision Tune was registered with the SBA's registry of franchises, this Michigan small business loan was issued on an expedited basis.

SBA Loan Borrower

P T AUTOMOTIVE INC
PLYMOUTH, MI 48170

SBA Loan Lender

COMERICA BANK
1717 MAIN
DALLAS, TX 75201

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

811111 - General Automotive Repair

Loan Approval Date

1/22/2004

Loan Approval Gross Amount

$412,200

Loan Approval from the SBA

Of the total $412,200 loan amount, the SBA guaranteed $309,150.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Precision Tune franchise. At the time of the loan, the company had 3 employees. The SBA loan documents indicated that the loan would help retain 3 existing jobs.

Start the Process for Getting an SBA Loan Today!

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

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $412,200 loan. Remember, anyone can do it... so why not you?

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:

Precision Tune Auto Care

A Company That Helps Entrepreneurs

SBA 7A Lenders in Dallas, Texas

SBA Lenders in Texas