Tennessee Entrepreneur Secures Financing to Buy Mobile Appearance Reconditioning Ser Franchise

Need money to buy a Mobile Appearance Reconditioning Ser franchise? Bancorpsouth Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near Pegram, Tennessee and are interested in buying a Mobile Appearance Reconditioning Ser franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2002 by Bancorpsouth Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

MOBILE APPEARANCE RECONDITIONI
PEGRAM, TN 37143

SBA Loan Lender

BANCORPSOUTH BANK
5217 MARYLAND WAY, STE 100
BRENTWOOD, TN 37027

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide SBA small business loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7532 - Top and Body Repair and Paint Shops

NAICS Code

811121 - Automotive Body, Paint, and Interior Repair and Maintenance

Loan Approval Date

2/26/2002

Loan Approval Gross Amount

$43,400

Loan Approval from the SBA

Of the total $43,400 loan amount, the SBA guaranteed $36,890.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Mobile Appearance Reconditioning Ser franchise. At the time of the loan, the company had only one employee. The loan application did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

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

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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.

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