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November 21, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Mclean, Business Loans > Capital One Mclean Business Loans > Lee Myles Transmission Loan | ||||
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Business Loans for New York Small Business Owners
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New York Entrepreneur Secures Financing to Buy Lee Myles Automotive Transmissions FranchiseBorrowing money to purchase a Lee Myles Automotive Transmissions franchise? Capital One has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Lee Myles Automotive Transmissions franchise? If so, here's a 2004 SBA franchise loan that you should know about. Capital One was the lender and the entrepreneur was based in New York, New York. SBA Loan Borrower LEE MYLES TRANSMISSION SBA Loan Lender CAPITAL ONE This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. 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 12/1/2004 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 an existing business. This loan was used to buy a Lee Myles Automotive Transmissions franchise. At the time of the loan, the company had 6 employees. The loan application indicated that the loan would help retain 6 existing jobs. Start the Process for Getting an SBA Loan Today! SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Capital One are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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: Lee Myles Transmissions and Autocare Obtaining Funding - Getting Venture Capital Best Banks for Small Business in Mclean, Virginia SBA Participating Banks in Virginia
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