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April 29, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > North Richland Hills, Business Loans > The Frost National Bank North Richland Hills Business Loans > Maaco Auto Painting & Bodywork Loan | ||||
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Where to Get a Business Loan to Purchase a Franchise
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Texas Entrepreneur Secures Financing to Buy Maaco Auto Painting Center FranchiseNeed a loan to purchase a Maaco Auto Painting Center franchise? The Frost National Bank has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Maaco Auto Painting Center franchise? If so, here's a 2005 SBA franchise loan that you should know about. The Frost National Bank was the lender and the entrepreneur was based in Fort Worth, Texas. SBA Loan Borrower MAACO AUTO PAINTING & BODYWORK SBA Loan Lender THE FROST NATIONAL BANK 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 811121 - Automotive Body, Paint, and Interior Repair and Maintenance Loan Approval Date 7/7/2005 Loan Approval Gross Amount $540,200 Loan Approval from the SBA Of the total $540,200 loan amount, the SBA guaranteed $405,150. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Maaco Auto Painting Center franchise. At the time of the loan, the company had 12 employees. This SBA loan request indicated that the loan would help retain 12 existing jobs. Next Steps for Getting an SBA Loan The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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: SBA Approved Banks in North Richland Hills, Texas
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