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April 18, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Henderson, Business Loans > Washington Mutual Bank Henderson Business Loans > Hanchey's Miracle Auto Paintin Loan | ||||
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Good Sources for Killeen SBA Loans
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Killeen, TX Entrepreneur Gets SBA Loan to Buy Miracle Auto Paint & Body Repair FranchiseNeed a loan to invest in a Miracle Auto Paint & Body Repair franchise? Washington Mutual Bank has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Miracle Auto Paint & Body Repair franchise? If so, here's a 2002 SBA franchise loan that you should know about. Washington Mutual Bank was the lender and the entrepreneur was based in Killeen, Texas. SBA Loan Borrower HANCHEY'S MIRACLE AUTO PAINTIN SBA Loan Lender WASHINGTON MUTUAL BANK This lender provides SBA loan for small businesses as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. 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 1/7/2002 Loan Approval Gross Amount $525,000 Loan Approval from the SBA Of the total $525,000 loan amount, the SBA guaranteed $393,750. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Miracle Auto Paint & Body Repair franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower indicated that the loan would help generate 8 new jobs and retain 9 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. 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 $525,000 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: Miracle Auto Painting & Body Repair Determining Proper Capital Structure for a Business SBA Participating Banks in Henderson, Nevada
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