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May 1, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Saint Louis, Business Loans > Southwest Bank Of St. Louis Saint Louis Business Loans > Meineke Car Care Center Loan | ||||
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Southwest Bank Of St. Louis SBA 7A Franchise Loans
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Chesterfield, MO Entrepreneur Gets SBA Loan to Buy Meineke Discount Muffler FranchiseNeed money to buy a Meineke Discount Muffler franchise? Southwest Bank Of St. Louis has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Meineke Discount Muffler franchise? If so, here's a 2003 SBA franchise loan that you should know about. Southwest Bank Of St. Louis was the lender and the entrepreneur was based in Chesterfield, Missouri. SBA Loan Borrower MEINEKE CAR CARE CENTER SBA Loan Lender SOUTHWEST BANK OF ST. LOUIS This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 811111 - General Automotive Repair Loan Approval Date 11/17/2003 Loan Approval Gross Amount $140,000 Loan Approval from the SBA Of the total $140,000 loan amount, the SBA guaranteed $70,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Meineke Discount Muffler franchise. At the time of the loan, the company had 12 employees. The loan application indicated that the loan would help generate 13 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. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $140,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Raising VC Money for Social Networking Companies SBA 7A Banks in Saint Louis, Missouri
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