Borrow Money to Buy a Jiffy Lube Franchise

Need money to invest in a Jiffy Lube franchise? Prairie State Bank And Trust has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Jiffy Lube franchise may simply require a phone call to a local SBA banker. In 2003, Prairie State Bank And Trust issued an SBA franchise loan to an entrepreneur in Springfield, Illinois. Because Jiffy Lube was registered with the SBA's registry of franchises, this Illinois small business loan was issued on an expedited basis.

SBA Loan Borrower

JIFFY LUBE
SPRINGFIELD, IL 62704

SBA Loan Lender

PRAIRIE STATE BANK AND TRUST
1001 DURKIN DR
SPRINGFIELD, IL 62704

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide SBA business loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7549 - Automotive Services

NAICS Code

811191 - Automotive Oil Change and Lubrication Shops

Loan Approval Date

9/29/2003

Loan Approval Gross Amount

$375,000

Loan Approval from the SBA

Of the total $375,000 loan amount, the SBA guaranteed $281,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Jiffy Lube franchise. At the time of the loan, the company had 14 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the money to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

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.

Related Links:

Jiffy Lube International, Inc.

Family and Friend Investors - Your First Financiers

SBA 7A Banks for Springfield, Illinois Loans

SBA Illinois Banks