Borrow Money to Buy a Tires Plus Franchise

Need a loan to buy a Tires Plus franchise? First National Bank In Philip has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Tires Plus franchise requires some effort but others before you have been successful. In 2000, First National Bank In Philip issued an SBA franchise loan to an entrepreneur in Rapid City, South Dakota. Because Tires Plus was registered with the SBA's registry of franchises, this South Dakota small business loan was issued on an expedited basis.

SBA Loan Borrower

KALAND INC.
RAPID CITY, SD 57701

SBA Loan Lender

FIRST NATIONAL BANK IN PHILIP
103 E OAK ST
PHILIP, SD 57567

When it made this small business loan, the lender participated in the SBA's Certified Lenders Program (CLP). This program aims to offer fast service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5531 - Auto and Home Supply Stores

NAICS Code

811198 - Automotive Repair and Maintenance

Loan Approval Date

10/18/2000

Loan Approval Gross Amount

$400,000

Loan Approval from the SBA

Of the total $400,000 loan amount, the SBA guaranteed $300,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Tires Plus franchise. At the time of the loan, the company had 15 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

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

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 $400,000 loan. Remember, feel the fear, and do it anyway.

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:

Tires Plus Franchising Corporation

Banking Deregulation's Effects on Entrepreneurship

SBA Participating Banks in Philip, South Dakota

SBA Participating Banks in South Dakota