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November 15, 2024 |
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| Home > Small Business Lenders by State > Virginia Business Loan Sources > Livingston, Business Loans > Cit Small Business Lending Corp Livingston Business Loans > Aamco Transmissions Loan | ||||
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Good Sources for Hampton SBA Loans
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Borrow Money to Buy an Aamco Transmissions FranchiseNeed a loan to buy an Aamco Transmissions franchise? Cit Small Business Lending Corp has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Hampton, Virginia needed money to invest in an Aamco Transmissions franchise back in 2003. Cit Small Business Lending Corp issued an SBA franchise loan. Here are the details on this Virginia small business loan. SBA Loan Borrower AAMCO TRANSMISSIONS SBA Loan Lender CIT SMALL BUSINESS LENDING CORP This lender provides SBA debt financing 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 9/5/2003 Loan Approval Gross Amount $264,500 Loan Approval from the SBA Of the total $264,500 loan amount, the SBA guaranteed $198,375. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy an Aamco Transmissions franchise. At the time of the loan, the company had 6 employees. The SBA loan documents indicated that the loan would help retain 6 existing jobs. Getting an SBA Loan For Your Business If you are raising money in Hampton VA, you ought to talk with a local Hampton SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Hampton businesses. While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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: SBA Banks in Livingston, New Jersey
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