Alabama Entrepreneur Secures Financing to Buy Aamco Transmissions Franchise

Need a loan to buy an Aamco Transmissions franchise? Renasant Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy an Aamco Transmissions franchise? If so, here's a 2001 SBA franchise loan that you should know about. Renasant Bank was the lender and the entrepreneur was based in Birmingham, Alabama.

SBA Loan Borrower

AAMCO TRANSMISSIONS
BIRMINGHAM, AL 35215

SBA Loan Lender

RENASANT BANK
301 N 20TH ST
BIRMINGHAM, AL 35203

This loan was sent in by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a comprehensive analysis of the loan application and, in return, SBA promises a quick answer on whether the loan qualifies.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5984 - Liquefied Petroleum Gas Dealers

NAICS Code

454312 - Liquefied Petroleum Gas Dealers

Loan Approval Date

6/20/2001

Loan Approval Gross Amount

$132,000

Loan Approval from the SBA

Of the total $132,000 loan amount, the SBA guaranteed $112,200.

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 12 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised 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?

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

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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.

Borrowing Money from Friends and Family

Where to Get an SBA Loan in Birmingham, Alabama

SBA Lenders in Alabama