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April 29, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Los Angeles, Business Loans > National Bank Of California Los Angeles Business Loans > Maaco Collision Repair & Auto Loan | ||||
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Where to Get an SBA 7A Loan to Purchase a Franchise
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California Entrepreneur Secures Financing to Buy Maaco Auto Painting Center FranchiseNeed money to purchase a Maaco Auto Painting Center franchise? National Bank Of California has a history of making these loans and they are guaranteed by the SBA. Maaco Auto Painting Center franchise loans are available to Moreno Valley, California entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, National Bank Of California, based in Los Angeles, California, issued an SBA franchise loan for a Maaco Auto Painting Center franchise in 2005. We've got all the details on this California small business loan. SBA Loan Borrower MAACO COLLISION REPAIR & AUTO SBA Loan Lender NATIONAL BANK OF CALIFORNIA 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 9/9/2005 Loan Approval Gross Amount $309,000 Loan Approval from the SBA Of the total $309,000 loan amount, the SBA guaranteed $231,750. 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 4 employees. The SBA loan application for the borrower indicated that the loan would help generate 2 new jobs and retain 6 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. 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 National Bank Of California 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: SBA Participating Banks in Los Angeles, California
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