Loan to Buy Econo Lub N Tune Franchise Issued By Security Service Fcu
Borrowing money to invest in an Econo Lub N Tune franchise? Security Service Fcu has a history of making these loans and they are guaranteed by the SBA.
An entrepreneur in San Antonio, Texas needed money to invest in an Econo Lub N Tune franchise back in 2007. Security Service Fcu issued an SBA franchise loan. Here are the details on this Texas small business loan.
SBA Loan Borrower
ECONO LUBE'N TUNE & BRAKES
SAN ANTONIO, TX 78251
SBA Loan Lender
SECURITY SERVICE FCU
16211 LA CANTERA PKWY
SAN ANTONIO, TX 78256
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
3/13/2007
Loan Approval Gross Amount
$45,000
Loan Approval from the SBA
Of the total $45,000 loan amount, the SBA guaranteed $38,250.
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 application for the borrower indicated that the loan would help generate 3 new jobs and retain 3 existing jobs.
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SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.
We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.
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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