Loan to Buy Miracle Appearance Reconditioning Sp Franchise Issued By Midfirst Bank

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

An entrepreneur in Piedmont, Oklahoma needed money to invest in a Miracle Appearance Reconditioning Sp franchise back in 2007. Midfirst Bank issued an SBA franchise loan. Here are the details on this Oklahoma small business loan.

SBA Loan Borrower

WELCH'S MOBIL AUTO RECONDITION
PIEDMONT, OK 93078

SBA Loan Lender

MIDFIRST BANK
501 NW GRAND BLVD
OKLAHOMA CITY, OK 73118

The lender provided this debt financing through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

811121 - Automotive Body, Paint, and Interior Repair and Maintenance

Loan Approval Date

2/7/2007

Loan Approval Gross Amount

$86,100

Loan Approval from the SBA

Of the total $86,100 loan amount, the SBA guaranteed $43,050.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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. This SBA loan request indicated that the funding would help generate 6 new jobs.

Getting an SBA Loan For Your Business

If you need money to start a small business or need money for an existing business, an SBA loan can be a great source of funding.

This SBA loan was for $86,100. How would you spend $86,100 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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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Small Business Banks in Oklahoma City, Oklahoma

SBA Oklahoma Lenders