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April 24, 2024 |
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| Home > Small Business Lenders by State > Arizona Business Loan Sources > Sacramento, Business Loans > California Bank & Trust Sacramento Business Loans > Midas Muffler Loan | ||||
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California Bank & Trust Franchise Business Loans
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Arizona Entrepreneur Secures Financing to Buy Midas Muffler Shop FranchiseBorrowing money to buy a Midas Muffler Shop franchise? California Bank & Trust has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Midas Muffler Shop franchise? If so, here's a 2002 SBA franchise loan that you should know about. California Bank & Trust was the lender and the entrepreneur was based in Scottsdale, Arizona. SBA Loan Borrower MIDAS MUFFLER SBA Loan Lender CALIFORNIA BANK & TRUST This lender provides SBA bank loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 811112 - Automotive Exhaust System Repair Loan Approval Date 8/27/2002 Loan Approval Gross Amount $202,500 Loan Approval from the SBA Of the total $202,500 loan amount, the SBA guaranteed $151,875. 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 47 employees. The loan application indicated that the loan would help generate 5 new jobs and retain 47 existing jobs. Great, But How Can I Get an SBA Loan for My Business? For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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 Obtaining Funding - Friends and Family SBA 7A Banks for Sacramento, California Loans SBA Participating Banks in California
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