Carrollton, GA Entrepreneur Gets SBA Loan to Buy Aamco Transmissions Franchise
Borrowing money to buy an Aamco Transmissions franchise? Banco Popular North America has a history of making these loans and they are guaranteed by the SBA.
An entrepreneur in Carrollton, Georgia needed money to invest in an Aamco Transmissions franchise back in 2007. Banco Popular North America issued an SBA franchise loan. Here are the details on this Georgia small business loan.
SBA Loan Borrower
AAMCO TRANSMISSONS
CARROLLTON, GA 30116
SBA Loan Lender
BANCO POPULAR NORTH AMERICA
7 W 51ST ST, BETWEEN 5TH & 6T
NEW YORK CITY, NY 10019
This lender provides SBA loan for small businesses as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
811113 - Automotive Transmission Repair
Loan Approval Date
7/31/2007
Loan Approval Gross Amount
$241,000
Loan Approval from the SBA
Of the total $241,000 loan amount, the SBA guaranteed $180,750.
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 only one employee. The loan application indicated that the loan would help generate 3 new jobs and retain 1 existing job.
Great, But How Can I Get an SBA Loan for My Business?
If you are interested in getting money to start a business or already have a business and need money to expand, an SBA loan can be a great way to raise money
Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $241,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?
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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