Loan to Buy Midas Muffler Shop Franchise Issued By Bancfirst

Need money to buy a Midas Muffler Shop franchise? Bancfirst has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Midas Muffler Shop franchise? If so, here's a 2002 SBA franchise loan that you should know about. Bancfirst was the lender and the entrepreneur was based in Midwest City, Oklahoma.

SBA Loan Borrower

MABCO, INC & SIMPLY THE BEST,
MIDWEST CITY, OK 73130

SBA Loan Lender

BANCFIRST
101 N BROADWAY, STE 1050
OKLAHOMA CITY, OK 73102

This SBA business loan was provided by a lender with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loan guaranty requests to the SBA get more expeditious service from the SBA on their loan applications.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

811112 - Automotive Exhaust System Repair

Loan Approval Date

4/17/2002

Loan Approval Gross Amount

$129,300

Loan Approval from the SBA

Of the total $129,300 loan amount, the SBA guaranteed $109,905.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Midas Muffler Shop franchise. At the time of the loan, the company had 12 employees. This SBA loan request did not indicate that the business planned to use the funding to increase staffing levels or retain any existing employees.

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

If you are wondering how to raise money for a company in Midwest City OK, you ought to talk with a local Midwest City SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Midwest City businesses.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $129,300 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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:

Midas International Corporation

Small Business Loan

Small Bank Loans in Oklahoma City, Oklahoma

Oklahoma SBA 7A Banks