Louisville, KY Entrepreneur Gets SBA Loan to Buy Miracle Appearance Reconditioning Sp Franchise

Borrowing money to buy a Miracle Appearance Reconditioning Sp franchise? Pbi Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Miracle Appearance Reconditioning Sp franchise? If so, here's a 2002 SBA franchise loan that you should know about. Pbi Bank was the lender and the entrepreneur was based in Louisville, Kentucky.

SBA Loan Borrower

ROCK MOBILE APPEARANCE RECONDI
LOUISVILLE, KY 40214

SBA Loan Lender

PBI BANK
2500 EASTPOINT PKWY
LOUISVILLE, KY 40223

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7549 - Automotive Services

NAICS Code

811198 - Automotive Repair and Maintenance

Loan Approval Date

5/20/2002

Loan Approval Gross Amount

$47,000

Loan Approval from the SBA

Of the total $47,000 loan amount, the SBA guaranteed $39,950.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Miracle Appearance Reconditioning Sp franchise. At the time of the loan, the company had only one employee. The loan application did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Pbi Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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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