Turlock, CA Entrepreneur Gets SBA Loan to Buy Speedee Oil Change & Tune-Up Franchise

Need money to buy a Speedee Oil Change & Tune-Up franchise? Cit Small Business Lending Corp has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Speedee Oil Change & Tune-Up franchise shouldn't be too tough. In 2005, Cit Small Business Lending Corp issued an SBA franchise loan to an entrepreneur in Turlock, California. Because Speedee Oil Change & Tune-Up was registered with the SBA's registry of franchises, this California small business loan was issued on an expedited basis.

SBA Loan Borrower

SPEEDEE OIL CHANGE & TUNE-UP
TURLOCK, CA 95380

SBA Loan Lender

CIT SMALL BUSINESS LENDING CORP
1 CIT DRIVE
LIVINGSTON, NJ 07039

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

811111 - General Automotive Repair

Loan Approval Date

6/8/2005

Loan Approval Gross Amount

$1,521,000

Loan Approval from the SBA

Of the total $1,521,000 loan amount, the SBA guaranteed $1,140,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Speedee Oil Change & Tune-Up franchise. At the time of the loan, the company had 24 employees. The loan application indicated that the loan would help generate 12 new jobs and retain 12 existing jobs.

Start the Process for Getting an SBA Loan Today!

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

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.

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