Sullivan, MO Entrepreneur Gets SBA Loan to Buy Valvoline Instant Oil Change Franchise

Borrowing money to buy a Valvoline Instant Oil Change franchise? Bank Of Sullivan has a history of making these loans and they are guaranteed by the SBA.

If you live near Sullivan, Missouri and are interested in buying a Valvoline Instant Oil Change franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2001 by Bank Of Sullivan. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

VALVOLINE EXPRESS CARE
SULLIVAN, MO 63080

SBA Loan Lender

BANK OF SULLIVAN
318 W MAIN ST
SULLIVAN, MO 63080

This lender issued this loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7549 - Automotive Services

NAICS Code

324110 - Petroleum Refineries

Loan Approval Date

6/28/2001

Loan Approval Gross Amount

$300,000

Loan Approval from the SBA

Of the total $300,000 loan amount, the SBA guaranteed $225,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Valvoline Instant Oil Change franchise. At the time of the loan, the company had 2 employees. The SBA loan documents did not indicate that the company planned to use the money to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans provide money to small business owners for working capital for other expenses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Bank Of Sullivan had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Bank Of Sullivan made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Valvoline Instant Oil Change

Business Credit Evaluation

Small Bank Loans in Sullivan, Missouri

Missouri SBA Bank Lenders