Borrow Money to Buy a Christian Brothers Automotive Franchise

Need a loan to buy a Christian Brothers Automotive franchise? Midfirst Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Christian Brothers Automotive franchise requires some effort but others before you have been successful. In 2007, Midfirst Bank issued an SBA franchise loan to an entrepreneur in Oklahoma City, Oklahoma. Because Christian Brothers Automotive was registered with the SBA's registry of franchises, this Oklahoma small business loan was issued on an expedited basis.

SBA Loan Borrower

GARWOOD HOLDING, LLC
OKLAHOMA CITY, OK 73132

SBA Loan Lender

MIDFIRST BANK
501 NW GRAND BLVD
OKLAHOMA CITY, OK 73118

This SBA bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

811111 - General Automotive Repair

Loan Approval Date

1/4/2007

Loan Approval Gross Amount

$1,123,000

Loan Approval from the SBA

Of the total $1,123,000 loan amount, the SBA guaranteed $842,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Christian Brothers Automotive franchise. At the time of the loan, the company had 10 employees. This SBA loan request did not indicate that the small business promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Midfirst Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Christian Brothers Automotive

Famous Venture Capitalists

Where to Get an SBA Loan in Oklahoma City, Oklahoma

Where to Get an SBA Loan Oklahoma