Louisiana Entrepreneur Secures Financing to Buy All Tune And Lube Franchise

Borrowing money to purchase an All Tune And Lube franchise? Capital One has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Slidell, Louisiana needed money to invest in an All Tune And Lube franchise back in 2002. Capital One issued an SBA franchise loan. Here are the details on this Louisiana small business loan.

SBA Loan Borrower

NEGINART CONSULTANTS INC.
SLIDELL, LA 70458

SBA Loan Lender

CAPITAL ONE
1201 S CLEARVIEW PKWY, 1 EAST
JEFFERSON, LA 70121

This lender issued this particular SBA small business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

811111 - General Automotive Repair

Loan Approval Date

3/21/2002

Loan Approval Gross Amount

$88,000

Loan Approval from the SBA

Of the total $88,000 loan amount, the SBA guaranteed $74,800.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an All Tune And Lube franchise. At the time of the loan, the company had 4 employees. The loan application did not indicate that the company promised to use the money to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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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