Loan to Buy Meineke Discount Muffler Franchise Issued By Wilmington Brokerage Services

Need money to purchase a Meineke Discount Muffler franchise? Wilmington Brokerage Services has a history of making these loans and they are guaranteed by the SBA.

Meineke Discount Muffler franchise loans are available to Elkton, Maryland entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Wilmington Brokerage Services, based in Wilmington, Delaware, issued an SBA franchise loan for a Meineke Discount Muffler franchise in 2003. We've got all the details on this Maryland small business loan.

SBA Loan Borrower

MEINEKE CAR CARE CENTER #1798
ELKTON, MD 21921

SBA Loan Lender

WILMINGTON BROKERAGE SERVICES
1100 N MARKET ST, RODNEY SQ N
WILMINGTON, DE 19890

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7532 - Top and Body Repair and Paint Shops

NAICS Code

811121 - Automotive Body, Paint, and Interior Repair and Maintenance

Loan Approval Date

12/4/2003

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Meineke Discount Muffler franchise. At the time of the loan, the company had 3 employees. The loan application did not indicate that the small business planned to use the funding to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Wilmington Brokerage Services and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

Meineke Car Care Centers

Investor Turnoffs

Where to Get an SBA Loan in Wilmington, Delaware

Delaware SBA 7A Banks