Borrow Money to Buy a Mr. Transmission Franchise

Need money to purchase a Mr. Transmission franchise? Community Bank, Ellisville has a history of making these loans and they are guaranteed by the SBA.

Mr. Transmission franchise loans are available to Hattiesburg, Mississippi entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Community Bank, Ellisville, based in Hattiesburg, Mississippi, issued an SBA franchise loan for a Mr. Transmission franchise in 2004. We've got all the details on this Mississippi small business loan.

SBA Loan Borrower

HALLTEC, INC
HATTIESBURG, MS 39401

SBA Loan Lender

COMMUNITY BANK, ELLISVILLE
5010 HARDY ST
HATTIESBURG, MS 39402

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

811111 - General Automotive Repair

Loan Approval Date

5/12/2004

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 an existing business. This loan was used to buy a Mr. Transmission franchise. At the time of the loan, the company had 5 employees. This SBA loan request did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

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 Community Bank, Ellisville 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.

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