Borrow Money to Buy a Mobil Auto Restoration Service Franchise

Borrowing money to invest in a Mobil Auto Restoration Service franchise? Premier Bank 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 2002 SBA franchise loan that you should know about. Premier Bank was the lender and the entrepreneur was based in Wacissa, Florida.

SBA Loan Borrower

MOBILE APPEARANCE RECONDITIONI
WACISSA, FL 32261

SBA Loan Lender

PREMIER BANK
3110 CAPITAL CIRCLE NE
TALLAHASSEE, FL 32308

This lender issued this particular SBA loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

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

7/5/2002

Loan Approval Gross Amount

$39,235

Loan Approval from the SBA

Of the total $39,235 loan amount, the SBA guaranteed $33,349.

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 documents did not indicate that the small business promised to use the funding to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

This SBA loan was for $39,235. How would you spend $39,235 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.

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