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April 18, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Truckee, Business Loans > Bank Of The West Truckee Business Loans > Midas Auto Service Exerts Loan | ||||
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How to Get SBA Loans in Sacramento, California
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Borrow Money to Buy a Midas Muffler Shop FranchiseBorrowing money to buy a Midas Muffler Shop franchise? Bank Of The West has a history of making these loans and they are guaranteed by the SBA. Midas Muffler Shop franchise loans are available to Sacramento, California entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Bank Of The West, based in Truckee, California, issued an SBA franchise loan for a Midas Muffler Shop franchise in 2002. We've got all the details on this California small business loan. SBA Loan Borrower MIDAS AUTO SERVICE EXERTS SBA Loan Lender BANK OF THE WEST 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 811112 - Automotive Exhaust System Repair Loan Approval Date 5/23/2002 Loan Approval Gross Amount $423,000 Loan Approval from the SBA Of the total $423,000 loan amount, the SBA guaranteed $317,250. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Midas Muffler Shop franchise. At the time of the loan, the company had 6 employees. The loan application indicated that the loan would help generate 4 new jobs and retain 10 existing jobs. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. 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 Bank Of The West 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: Midas International Corporation Family and Friend Investors - Your First Financiers Good Banks for Small Business in Truckee, California
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