Borrow Money to Buy an Aamco Transmissions Franchise

Borrowing money to invest in an Aamco Transmissions franchise? Banco Popular North America has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Lake Elsinore, California needed money to invest in an Aamco Transmissions franchise back in 2007. Banco Popular North America issued an SBA franchise loan. Here are the details on this California small business loan.

SBA Loan Borrower

AAMCO TRANSMISSIONS
LAKE ELSINORE, CA 92530

SBA Loan Lender

BANCO POPULAR NORTH AMERICA
7 W 51ST ST, BETWEEN 5TH & 6T
NEW YORK CITY, NY 10019

This lender processed this bank loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

11/23/2007

Loan Approval Gross Amount

$25,000

Loan Approval from the SBA

Of the total $25,000 loan amount, the SBA guaranteed $12,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an Aamco Transmissions franchise. At the time of the loan, the company had only one employee. The loan application indicated that the funding would help generate 4 new jobs.

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

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

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Banco Popular North America so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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.

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