Borrow Money to Buy a Meineke Discount Muffler Franchise

Borrowing money to buy a Meineke Discount Muffler franchise? Renasant Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Olive Branch, Mississippi needed money to invest in a Meineke Discount Muffler franchise back in 2005. Renasant Bank issued an SBA franchise loan. Here are the details on this Mississippi small business loan.

SBA Loan Borrower

MEINEKE CAR CARE CENTER #1853
OLIVE BRANCH, MS 38654

SBA Loan Lender

RENASANT BANK
209 TROY ST
TUPELO, MS 38804

This lender issued this SBA bank loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program was started 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

811111 - General Automotive Repair

Loan Approval Date

1/26/2005

Loan Approval Gross Amount

$163,600

Loan Approval from the SBA

Of the total $163,600 loan amount, the SBA guaranteed $122,700.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Meineke Discount Muffler franchise. At the time of the loan, the company had 4 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the money to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

This SBA loan was for $163,600. How would you spend $163,600 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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

Family and Friend Investors - Your First Financiers

SBA 7A Banks for Tupelo, Mississippi Loans

Mississippi SBA 7A Banks