Berniece, OK Entrepreneur Gets SBA Loan to Buy Mobile Appearance Reconditioning Ser Franchise

Borrowing money to invest in a Mobile Appearance Reconditioning Ser franchise? Regent Bank & Trust National As has a history of making these loans and they are guaranteed by the SBA.

Mobile Appearance Reconditioning Ser franchise loans are available to Berniece, Oklahoma entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Regent Bank & Trust National As, based in Nowata, Oklahoma, issued an SBA franchise loan for a Mobile Appearance Reconditioning Ser franchise in 2002. We've got all the details on this Oklahoma small business loan.

SBA Loan Borrower

OWEN'S MARS
BERNIECE, OK 74331

SBA Loan Lender

REGENT BANK & TRUST NATIONAL AS
105 N MAPLE ST
NOWATA, OK 74048

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

811198 - Automotive Repair and Maintenance

Loan Approval Date

9/3/2002

Loan Approval Gross Amount

$44,000

Loan Approval from the SBA

Of the total $44,000 loan amount, the SBA guaranteed $37,400.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 SBA funding recipient planned to use the money to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

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

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Regent Bank & Trust National As had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Regent Bank & Trust National As 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:

Financing Your Business

Best Banks for Small Business in Nowata, Oklahoma

Where to Get an SBA Loan Oklahoma