Washington Entrepreneur Secures Financing to Buy Cottman Transmission Franchise

Borrowing money to buy a Cottman Transmission franchise? Spectrum Bank has a history of making these loans and they are guaranteed by the SBA.

Cottman Transmission franchise loans are available to Burlington, Washington entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Spectrum Bank, based in Irvine, California, issued an SBA franchise loan for a Cottman Transmission franchise in 2004. We've got all the details on this Washington small business loan.

SBA Loan Borrower

BURLINGTON COTTMAN TRANSMISSIO
BURLINGTON, WA 98233

SBA Loan Lender

SPECTRUM BANK
15615 ALTON PKWY
IRVINE, CA 92618

This lender issued this particular 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.

NAICS Code

811111 - General Automotive Repair

Loan Approval Date

11/10/2004

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Cottman Transmission franchise. At the time of the loan, the company had 6 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the money to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans provide smart, affordable business financing for small businesses looking to expand.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Spectrum Bank and they will explain how you can get an SBA loan for your company.

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:

Cottman Transmissions

Startup Funding Tip

SBA Participating Banks in Irvine, California

Getting an SBA Loan in California