North Conway, NH Entrepreneur Gets SBA Loan to Buy Midas Muffler Shop Franchise

Need money to invest in a Midas Muffler Shop franchise? Northway Bank has a history of making these loans and they are guaranteed by the SBA.

Midas Muffler Shop franchise loans are available to North Conway, New Hampshire entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Northway Bank, based in Berlin, New Hampshire, issued an SBA franchise loan for a Midas Muffler Shop franchise in 2002. We've got all the details on this New Hampshire small business loan.

SBA Loan Borrower

MIDAS MUFFLER SHOP
NORTH CONWAY, NH 03860

SBA Loan Lender

NORTHWAY BANK
9 MAIN ST
BERLIN, NH 03570

This lender issued this bank loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

811112 - Automotive Exhaust System Repair

Loan Approval Date

5/1/2002

Loan Approval Gross Amount

$120,000

Loan Approval from the SBA

Of the total $120,000 loan amount, the SBA guaranteed $102,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Midas Muffler Shop franchise. At the time of the loan, the company had 4 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the money to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

If you are wondering how to raise money for a business in North Conway NH, you ought to talk with a local North Conway SBA lender or talk with an out-of-area SBA lender that has previously loaned money to North Conway businesses.

This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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

Family and Friend Investors - Your First Financiers

Small Bank Loans in Berlin, New Hampshire

SBA Lenders in New Hampshire