Borrow Money to Buy an Eagle Transmission Franchise

Need money to purchase an Eagle Transmission franchise? Signature Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Irving, Texas needed money to invest in an Eagle Transmission franchise back in 2000. Signature Bank issued an SBA franchise loan. Here are the details on this Texas small business loan.

SBA Loan Borrower

EAGLE TRANSMISSION&AUTO REPAIR
IRVING, TX 75061

SBA Loan Lender

SIGNATURE BANK
6757 ARAPAHO RD, STE 725
DALLAS, TX 75248

This lender issued this loan for a small business under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7538 - General Automotive Repair Shops

NAICS Code

811111 - General Automotive Repair

Loan Approval Date

6/16/2000

Loan Approval Gross Amount

$128,000

Loan Approval from the SBA

Of the total $128,000 loan amount, the SBA guaranteed $96,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an Eagle Transmission franchise. At the time of the loan, the company had 4 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the funding to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

Every year, the SBA guarantees over $10 billion for loans just like this one.

This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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:

Eagle Transmission, Inc.

Bank Credit Lines

Where to Get an SBA Loan in Dallas, Texas

SBA Participating Banks in Texas