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November 15, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Porterville, Business Loans > Bank Of The Sierra Porterville Business Loans > Automotive Oil Change And Lubrication Shops Loan | ||||
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Selma, California Bank Loan
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Bank Loans for Automotive Oil Change and Lubrication ShopsLooking for bank loans for automotive oil change and lubrication shops? Talk to a banker who works with the SBA. This $50,000 automotive oil change and lubrication shops loan was issued by a California bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Selma, California was able to borrow $50,000 from Bank Of The Sierra. The SBA made the loan possible by guaranteeing $37,500 of this California small business loan. SBA Loan Borrower COMPANY TYPE: AUTOMOTIVE OIL CHANGE AND LUBRICATION SHOPS SBA Loan Lender BANK OF THE SIERRA This commercial loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. 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 2/7/2005 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $37,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 4 employees. The SBA loan documents indicated that the loan would help retain 4 existing jobs. Start the Process for Getting an SBA Loan Today! SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. 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 $50,000 loan. Remember, you control your own destiny. 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: Who Lends Money to Small Businesses in Porterville, California
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