Lasalle Bank Midwest Provides SBA Loan to Buy Midas Muffler Shop Franchise

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

Midas Muffler Shop franchise loans are available to Saint Clair Shores, Michigan entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Lasalle Bank Midwest, based in Lansing, Michigan, issued an SBA franchise loan for a Midas Muffler Shop franchise in 2005. We've got all the details on this Michigan small business loan.

SBA Loan Borrower

NESDA CORPORATION
Saint Clair Shores, MI 48082

SBA Loan Lender

LASALLE BANK MIDWEST
124 W ALLEGAN
LANSING, MI 48933

This lender processed this SBA business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

811112 - Automotive Exhaust System Repair

Loan Approval Date

5/20/2005

Loan Approval Gross Amount

$270,000

Loan Approval from the SBA

Of the total $270,000 loan amount, the SBA guaranteed $135,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Midas Muffler Shop franchise. At the time of the loan, the company had 3 employees. The loan application indicated that the loan would help generate 1 new job and retain 4 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you need business start up money in Saint Clair Shores MI, you ought to talk with a local Saint Clair Shores SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Saint Clair Shores businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Lasalle Bank Midwest that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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

Angel Investors

SBA 7A Banks in Lansing, Michigan

Michigan SBA 7A Lenders