Midland, GA Entrepreneur Gets SBA Loan to Buy Aamco Transmissions Franchise
Need money to purchase an Aamco Transmissions franchise? Merrill Lynch Bank Usa has a history of making these loans and they are guaranteed by the SBA.
Aamco Transmissions franchise loans are available to Midland, Georgia entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Merrill Lynch Bank Usa, based in Salt Lake City, Utah, issued an SBA franchise loan for an Aamco Transmissions franchise in 2000. We've got all the details on this Georgia small business loan.
SBA Loan Borrower
AAMCO TRANSMISSIONS
MIDLAND, GA 31820
SBA Loan Lender
MERRILL LYNCH BANK USA
15 W SOUTH TEMPLE, STE 300
SALT LAKE CITY, UT 84101
This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.
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
5/25/2000
Loan Approval Gross Amount
$135,000
Loan Approval from the SBA
Of the total $135,000 loan amount, the SBA guaranteed $101,250.
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 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 2 new jobs and retain 2 existing jobs.
Getting an SBA Loan For Your Business
SBA loans provide smart, affordable business financing for small businesses looking to expand.
Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $135,000 loan. Remember, fight for what you want, and it will be yours!
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.
The Art of Bootstrapping
Find an SBA Lender in Salt Lake City, Utah
Browse All Business Loan Sources for Utah