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March 29, 2024  
 
 
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Loan to Buy Maaco Auto Painting Center Franchise Issued By Anb Finan

Borrowing money to buy a Maaco Auto Painting Center franchise? Anb Finan has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Springdale, Arkansas needed money to invest in a Maaco Auto Painting Center franchise back in 2005. Anb Finan issued an SBA franchise loan. Here are the details on this Arkansas small business loan.

SBA Loan Borrower

MAACO COLLISION REPAIR & AUTO
SPRINGDALE, AR 72762

SBA Loan Lender

ANB FINAN
706 S WALTON BLVD
BENTONVILLE, AR 72712

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

5/12/2005

Loan Approval Gross Amount

$757,000

Loan Approval from the SBA

Of the total $757,000 loan amount, the SBA guaranteed $567,750.

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 12 employees. The SBA loan documents indicated that the loan would help retain 12 existing jobs.

Start the Process for Getting an SBA Loan Today!

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

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Anb Finan had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Anb Finan made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

MAACO Enterprises, Inc.

SBIR Funding

SBA Banks in Bentonville, Arkansas

Arkansas SBA 7A Lenders