DALLAS, TEXAS : StockGuru announces that MK Automotive Inc. (OTCBB: MKAU) is in the StockGuru Spotlight.    MK Automotive, Inc. operates a chain of automotive maintenance and repair service shops in the greater Las Vegas, Nevada. The company offers retail and commercial automotive diagnostic, maintenance, and repair services. Its services comprise oil changes, brake overhauls, engine diagnosis and repair, transmission service and repair, and wheel alignment and chassis repairs. The company also involves in the retail sale and installation of automotive accessories, including tires, wheels, and batteries. It operates six company-operated locations and one franchise location in the greater Las Vegas, Nevada metropolitan area; and one franchise location in St. Louis, Missouri. The company was founded in 2002 and is based in Las Vegas, Nevada.

On Wednesday, the company put out news announcing that The Small Business Administration (the “SBA”) has approved the Company’s Mike’s Master Mechanics Franchise Agreement — making it eligible for SBA financing for company-owned and franchised locations. Mike Murphy, President and CEO of MK Automotive, remarked, “It’s no secret that small business financing has dried up the last several years. SBA approval means securing attractive financing for opening or acquiring Mike’s Master Mechanics locations is much more likely. With SBA approval and our established relationship with Wells Fargo Bank, the loan process for our franchisees is now significantly easier and faster. We already have a number of potential SBA-financed deals in our pipeline that couldn’t have taken place otherwise. In today’s economy, SBA approval is key for our nationwide expansion plans and we’re pleased to announce it’s now in place.”

Shares for MK Automotive Inc. (OTCBB: MKAU) were up during the afternoon of trading on Wednesday and closed up four cents at closing.


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