Pocatello, ID Entrepreneur Gets SBA Loan to Buy Grease Monkey Franchise

Need a loan to buy a Grease Monkey franchise? D. L. Evans Bank has a history of making these loans and they are guaranteed by the SBA.

Grease Monkey franchise loans are available to Pocatello, Idaho entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, D. L. Evans Bank, based in Burley, Idaho, issued an SBA franchise loan for a Grease Monkey franchise in 2006. We've got all the details on this Idaho small business loan.

SBA Loan Borrower

PACKHAM MANAGEMENT, LLC
POCATELLO, ID 83202

SBA Loan Lender

D. L. EVANS BANK
397 N OVERLAND AVE
BURLEY, ID 83318

This lender provides SBA loan for small businesses as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

811191 - Automotive Oil Change and Lubrication Shops

Loan Approval Date

10/19/2006

Loan Approval Gross Amount

$933,000

Loan Approval from the SBA

Of the total $933,000 loan amount, the SBA guaranteed $699,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Grease Monkey franchise. At the time of the loan, the company had 48 employees. The SBA loan application for the borrower indicated that the loan would help retain 48 existing jobs.

Getting an SBA Loan For Your Business

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

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into D. L. Evans Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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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Where to Get an SBA Loan Idaho