Iowa Entrepreneur Secures Financing to Buy Cottman Transmission Franchise

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

Cottman Transmission franchise loans are available to Cedar Rapids, Iowa entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, West Bank, based in West Des Moines, Iowa, issued an SBA franchise loan for a Cottman Transmission franchise in 2003. We've got all the details on this Iowa small business loan.

SBA Loan Borrower

COTTMAN TRANSMISSION
CEDAR RAPIDS, IA 52402

SBA Loan Lender

WEST BANK
1601 22ND ST
WEST DES MOINES, IA 50266

This lender issued this particular business 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

811113 - Automotive Transmission Repair

Loan Approval Date

1/21/2003

Loan Approval Gross Amount

$45,000

Loan Approval from the SBA

Of the total $45,000 loan amount, the SBA guaranteed $38,250.

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 8 employees. The loan application did not indicate that the company promised to use the money to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Many small businesses receive loans backed by the U.S. Small Business Administration.

This SBA loan was for $45,000. How would you spend $45,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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

Business Credit Evaluation

Banks in West Des Moines, Iowa

Iowa SBA 7A Lenders