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December 27, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > San Jose, Business Loans > Heritage Bank Of Commerce San Jose Business Loans > Speedee Oil Change And Tune-Up Loan | ||||
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California Small Business Funding for Franchises
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San Jose, CA Entrepreneur Gets SBA Loan to Buy Speedee Oil Change & Tune-Up FranchiseNeed a loan to buy a Speedee Oil Change & Tune-Up franchise? Heritage Bank Of Commerce has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in San Jose, California needed money to invest in a Speedee Oil Change & Tune-Up franchise back in 2001. Heritage Bank Of Commerce issued an SBA franchise loan. Here are the details on this California small business loan. SBA Loan Borrower SPEEDEE OIL CHANGE AND TUNE-UP SBA Loan Lender HERITAGE BANK OF COMMERCE This lender provides SBA debt financing 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 811111 - General Automotive Repair Loan Approval Date 8/30/2001 Loan Approval Gross Amount $335,000 Loan Approval from the SBA Of the total $335,000 loan amount, the SBA guaranteed $251,250. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Speedee Oil Change & Tune-Up franchise. At the time of the loan, the company had 6 employees. The SBA loan application for the borrower indicated that the loan would help retain 6 existing jobs. Great, But How Can I Get an SBA Loan for My Business? Many small businesses receive loans backed by the U.S. Small Business Administration. This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for 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: Find an SBA Lender in San Jose, California Browse All Business Loan Sources for California
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