Huntsville, AL Entrepreneur Gets SBA Loan to Buy Cottman Transmission Franchise

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

Cottman Transmission franchise loans are available to Huntsville, Alabama entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Regions Bank, based in Atlanta, Georgia, issued an SBA franchise loan for a Cottman Transmission franchise in 2005. We've got all the details on this Alabama small business loan.

SBA Loan Borrower

STAFFORD SERVICES, INC.
Huntsville, AL 35802

SBA Loan Lender

REGIONS BANK
6637 ROSWELL RD
ATLANTA, GA 30328

This business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

811111 - General Automotive Repair

Loan Approval Date

5/3/2005

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $25,000.

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 3 employees. The SBA loan documents indicated that the loan would help retain 3 existing jobs.

Getting an SBA Loan For Your Business

If you need business start up money in Huntsville AL, you ought to talk with a local Huntsville SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Huntsville businesses.

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 Regions Bank 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.

Related Links:

Cottman Transmissions

Strategic Investors

Where to Get an SBA Loan in Atlanta, Georgia

Georgia SBA 7A Lenders