Missouri Entrepreneur Secures Financing to Buy Midas Muffler Shop Franchise

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

An entrepreneur in Ozark, Missouri needed money to invest in a Midas Muffler Shop franchise back in 2007. Empire Bank issued an SBA franchise loan. Here are the details on this Missouri small business loan.

SBA Loan Borrower

MIDAS OF OZARK
OZARK, MO 65721

SBA Loan Lender

EMPIRE BANK
1800 S GLENSTONE
SPRINGFIELD, MO 65804

This commercial 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

12/18/2007

Loan Approval Gross Amount

$847,000

Loan Approval from the SBA

Of the total $847,000 loan amount, the SBA guaranteed $635,250.

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 8 employees. The SBA loan application for the borrower indicated that the loan would help generate 1 new job and retain 7 existing jobs.

Getting an SBA Loan For Your Business

If you have been wondering how do i get money to start a business in Ozark MO, you ought to talk with a local Ozark SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Ozark businesses.

This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you want money to buy a franchise? 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

Small Business Credit Cards

SBA Approved Banks in Springfield, Missouri

Missouri SBA Bank Lenders