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May 14, 2024 |
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| Home > Small Business Lenders by State > South Carolina Business Loan Sources > Woodstock, Business Loans > Community W. Bank Woodstock Business Loans > Meineke Discount Mufflers Loan | ||||
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Advice for Borrowing Money to Buy a Franchise
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Loan to Buy Meineke Discount Muffler Franchise Issued By Community W. BankBorrowing money to buy a Meineke Discount Muffler franchise? Community W. Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Martinez, South Carolina needed money to invest in a Meineke Discount Muffler franchise back in 2000. Community W. Bank issued an SBA franchise loan. Here are the details on this South Carolina small business loan. SBA Loan Borrower MEINEKE DISCOUNT MUFFLERS SBA Loan Lender COMMUNITY W. BANK This SBA business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7533 - Automotive Exhaust System Repair Shops NAICS Code 811112 - Automotive Exhaust System Repair Loan Approval Date 4/28/2000 Loan Approval Gross Amount $495,000 Loan Approval from the SBA Of the total $495,000 loan amount, the SBA guaranteed $371,250. 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 15 employees. The SBA loan application for the borrower did not indicate that the company planned to use the funding to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Community W. Bank and they will explain how you can get an SBA loan for your company. 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: Best Woodstock, Georgia Banks for Small Business
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