California Entrepreneur Secures Financing to Buy Maaco Auto Painting Center Franchise

Need a loan to invest in a Maaco Auto Painting Center franchise? California Bank & Trust has a history of making these loans and they are guaranteed by the SBA.

Maaco Auto Painting Center franchise loans are available to Costa Mesa, California entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, California Bank & Trust, based in Sacramento, California, issued an SBA franchise loan for a Maaco Auto Painting Center franchise in 2001. We've got all the details on this California small business loan.

SBA Loan Borrower

MAACO AUTO PAINTING AND BODY W
COSTA MESA, CA 92627

SBA Loan Lender

CALIFORNIA BANK & TRUST
2399 GATEWAY OAKS DR, STE 110
SACRAMENTO, CA 95833

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

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

3/27/2001

Loan Approval Gross Amount

$165,000

Loan Approval from the SBA

Of the total $165,000 loan amount, the SBA guaranteed $123,750.

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 9 employees. The loan application indicated that the loan would help generate 3 new jobs and retain 9 existing jobs.

Start the Process for Getting an SBA Loan Today!

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

We can help you find the best banks for small businesses in Costa Mesa or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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.

How to Raise Money

SBA Banks in Sacramento, California

Getting an SBA Loan in California