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December 21, 2024  
 
 
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Good Sources for Hampton SBA Loans

 

 
Loan Census SBA Loan Info

Borrow Money to Buy an Aamco Transmissions Franchise

Need 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
HAMPTON, VA 23666

SBA Loan Lender

CIT SMALL BUSINESS LENDING CORP
1 CIT DRIVE
LIVINGSTON, NJ 07039

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:

AAMCO Transmissions, Inc.

Debt Financing

SBA Banks in Livingston, New Jersey

New Jersey SBA 7A Banks