Michigan Entrepreneur Secures Financing to Buy Mobile Appearance Reconditioning Ser Franchise

Need a loan to invest in a Mobile Appearance Reconditioning Ser franchise? The State Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near Grand Blanc, Michigan and are interested in buying a Mobile Appearance Reconditioning Ser franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2007 by The State Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

JOHNNY MACS MARS
GRAND BLANC, MI 48439

SBA Loan Lender

THE STATE BANK
175 N LEROY ST
FENTON, MI 48430

This lender processed this loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

811111 - General Automotive Repair

Loan Approval Date

9/14/2007

Loan Approval Gross Amount

$86,000

Loan Approval from the SBA

Of the total $86,000 loan amount, the SBA guaranteed $43,000.

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. This SBA loan request indicated that the borrowed money would help generate 1 new job.

Start the Process for Getting an SBA Loan Today!

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like The State Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Small Business Credit Cards

Good Banks for Small Business in Fenton, Michigan

Michigan SBA Bank Lenders