Texas Entrepreneur Secures Financing to Buy Mobile Appearance Reconditioning Ser Franchise

Borrowing money to buy a Mobile Appearance Reconditioning Ser franchise? Texas State Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Mobile Appearance Reconditioning Ser franchise? If so, here's a 2002 SBA franchise loan that you should know about. Texas State Bank was the lender and the entrepreneur was based in Beaumont, Texas.

SBA Loan Borrower

MOBILE APPEARANCES RECONDITION
BEAUMONT, TX 77713

SBA Loan Lender

TEXAS STATE BANK
700 CALDER
BEAUMONT, TX 77701

This was a Low Documentation SBA loan. The SBA created this program to minimize the paperwork associated with getting a loan . The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

811198 - Automotive Repair and Maintenance

Loan Approval Date

6/3/2002

Loan Approval Gross Amount

$48,000

Loan Approval from the SBA

Of the total $48,000 loan amount, the SBA guaranteed $40,800.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Mobile Appearance Reconditioning Ser franchise. At the time of the loan, the company had only one employee. The loan application did not indicate that the company promised to use the money to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

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.

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