Borrow Money to Buy a Mobile Appearance Reconditioning Ser Franchise
Borrowing money to buy a Mobile Appearance Reconditioning Ser franchise? 1st National Bank - Baird has a history of making these loans and they are guaranteed by the SBA.
Want to borrow money to buy a Mobile Appearance Reconditioning Ser franchise? If so, here's a 2003 SBA franchise loan that you should know about. 1st National Bank - Baird was the lender and the entrepreneur was based in Abilene, Texas.
SBA Loan Borrower
MAY'S MOBILE APPEARANCE RECOND
ABILENE, TX 79605
SBA Loan Lender
1ST NATIONAL BANK - BAIRD
1849 S FIRST ST
ABILENE, TX 79602
This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.
SBA Loan Program Type
This loan was issued as a general business loan.
811310 - Commercial and Industrial Machinery and Equipment
Loan Approval Date
Loan Approval Gross Amount
Loan Approval from the SBA
Of the total $50,000 loan amount, the SBA guaranteed $42,500.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was used to buy a Mobile Appearance Reconditioning Ser franchise. At the time of the loan, the company
had 2 employees. The SBA loan application for the borrower did not indicate that the business planned to use the funding to add employees or retain any existing employees.
Getting an SBA Loan For Your Business
SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.
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, things become real when you believe you can achieve them!
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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