Loan to Buy Aamco Transmissions Franchise Issued By Amarillo National Bank

Need money to purchase an Aamco Transmissions franchise? Amarillo National Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Amarillo, Texas needed money to invest in an Aamco Transmissions franchise back in 2001. Amarillo National Bank issued an SBA franchise loan. Here are the details on this Texas small business loan.

SBA Loan Borrower

AAMCO TRANSMISSION
AMARILLO, TX 79109

SBA Loan Lender

AMARILLO NATIONAL BANK
4TH & TAYLOR
AMARILLO, TX 79101

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide small business loans to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7537 - Automotive Transmission Repair Shops

NAICS Code

811113 - Automotive Transmission Repair

Loan Approval Date

4/17/2001

Loan Approval Gross Amount

$180,520

Loan Approval from the SBA

Of the total $180,520 loan amount, the SBA guaranteed $135,390.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an Aamco Transmissions franchise. At the time of the loan, the company had 3 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the funding to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans provide money to small business owners for working capital for other expenses.

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.

Related Links:

AAMCO Transmissions, Inc.

Business Line of Credit

Best Amarillo, Texas Banks for Small Business

Find an SBA Lender in Texas