Springfield, OH Entrepreneur Gets SBA Loan to Buy Mobil Auto Restoration Service Franchise

Need a loan to buy a Mobil Auto Restoration Service franchise? Home City Fed. Savings Bank - Sp has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Mobil Auto Restoration Service franchise? If so, here's a 2004 SBA franchise loan that you should know about. Home City Fed. Savings Bank - Sp was the lender and the entrepreneur was based in Springfield, Ohio.

SBA Loan Borrower

MOBILE APPEARANCE RECONDITIONI
SPRINGFIELD, OH 45502

SBA Loan Lender

HOME CITY FED. SAVINGS BANK - SP
2454 N LIMESTONE ST
SPRINGFIELD, OH 45503

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

621320 - Optometrists

Loan Approval Date

6/9/2004

Loan Approval Gross Amount

$50,400

Loan Approval from the SBA

Of the total $50,400 loan amount, the SBA guaranteed $42,840.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Mobil Auto Restoration Service franchise. At the time of the loan, the company had only one employee. 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.

Start the Process for Getting an SBA Loan Today!

SBA loans provide smart, affordable business financing for small businesses looking to expand.

This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you have a business and need capital to get to the next level? 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.

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