Redlands, CA Entrepreneur Gets SBA Loan to Buy Econo Lub N Tune Franchise
Borrowing money to buy an Econo Lub N Tune franchise? Wilshire State Bank has a history of making these loans and they are guaranteed by the SBA.
An entrepreneur in Redlands, California needed money to invest in an Econo Lub N Tune franchise back in 2003. Wilshire State Bank issued an SBA franchise loan. Here are the details on this California small business loan.
SBA Loan Borrower
ECONO LUBE N TUNE #76
REDLANDS, CA 92373
SBA Loan Lender
WILSHIRE STATE BANK
3200 WILSHIRE BLVD
LOS ANGELES, CA 90010
This lender provides SBA loans 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
811118 - Automotive Mechanical and Electrical Repair and Maintenance
Loan Approval Date
2/21/2003
Loan Approval Gross Amount
$233,000
Loan Approval from the SBA
Of the total $233,000 loan amount, the SBA guaranteed $174,750.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was used to buy an Econo Lub N Tune franchise. At the time of the loan, the company
had 3 employees. The SBA loan documents indicated that the loan would help generate 1 new job and retain 3 existing jobs.
Getting an SBA Loan For Your Business
SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.
Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Wilshire State Bank and they will explain how you can get an SBA loan for your company.
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:
Econo Lube N Tune
Accountant's Role in Securing Financing
Small Bank Loans in Los Angeles, California
Getting an SBA Loan in California